Brookfield Infrastructure Co. (BIPC) to Issue Quarterly Dividend of $0.41 on December 31st

Brookfield Infrastructure Co. (NASDAQ:BIPC) announced a quarterly dividend on Tuesday, November 5th,Wall Street Journal reports. Stockholders of record on Friday, November 29th will be given a dividend of 0.405 per share on Tuesday, December 31st. This represents a $1.62 dividend on an annualized basis and a dividend yield of 3.80%. The ex-dividend date of this dividend is Friday, November 29th.

Brookfield Infrastructure has increased its dividend by an average of 16.4% annually over the last three years. Brookfield Infrastructure has a dividend payout ratio of 45.3% meaning its dividend is sufficiently covered by earnings.

Brookfield Infrastructure Stock Performance

Shares of NASDAQ:BIPC traded down $0.37 during trading hours on Thursday, reaching $42.60. The stock had a trading volume of 446,415 shares, compared to its average volume of 508,205. Brookfield Infrastructure has a 1 year low of $28.47 and a 1 year high of $44.26. The firm’s 50 day moving average is $41.93 and its 200-day moving average is $37.73. The stock has a market capitalization of $5.62 billion, a price-to-earnings ratio of 29.76 and a beta of 1.45.

About Brookfield Infrastructure

Brookfield Infrastructure Corporation, together with its subsidiaries, owns and operates regulated natural gas transmission systems in Brazil. The company also engages in the regulated gas and electricity distribution operations in the United Kingdom; and electricity transmission and distribution, as well as gas distribution in Australia.