Brookfield Infrastructure Partners LP (BIP) To Go Ex-Dividend on February 27th

Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) declared a quarterly dividend on Thursday, January 29th. Stockholders of record on Friday, February 27th will be paid a dividend of 0.455 per share by the utilities provider on Tuesday, March 31st. This represents a c) annualized dividend and a dividend yield of 4.7%. The ex-dividend date is Friday, February 27th. This is a 5.8% increase from Brookfield Infrastructure Partners’s previous quarterly dividend of $0.43.

Brookfield Infrastructure Partners has decreased its dividend by an average of 0.2%annually over the last three years and has increased its dividend every year for the last 18 years. Brookfield Infrastructure Partners has a dividend payout ratio of 124.7% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Brookfield Infrastructure Partners to earn $3.80 per share next year, which means the company should continue to be able to cover its $1.82 annual dividend with an expected future payout ratio of 47.9%.

Brookfield Infrastructure Partners Price Performance

BIP stock opened at $39.11 on Wednesday. The company has a market capitalization of $18.03 billion, a P/E ratio of 43.45 and a beta of 1.12. Brookfield Infrastructure Partners has a 52-week low of $25.72 and a 52-week high of $39.85. The company has a fifty day moving average price of $35.93 and a 200-day moving average price of $34.22. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.81 and a current ratio of 0.08.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last announced its quarterly earnings results on Thursday, January 29th. The utilities provider reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.42). The business had revenue of $6.30 billion for the quarter, compared to analysts’ expectations of $1.98 billion. Brookfield Infrastructure Partners had a net margin of 4.40% and a return on equity of 3.22%. The business’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.78 earnings per share. As a group, equities analysts expect that Brookfield Infrastructure Partners will post 3.45 EPS for the current year.

Brookfield Infrastructure Partners Company Profile

Brookfield Infrastructure Partners L.P. (NYSE: BIP) is a publicly traded limited partnership that owns and operates a diversified portfolio of infrastructure assets across four core sectors: utilities, transport, energy and data infrastructure. Through long-lived, regulated or contracted assets, Brookfield Infrastructure provides essential services such as electricity transmission and distribution, toll road and port operations, midstream energy logistics and fiber-based data networks.

The company’s utilities division encompasses regulated electricity and gas distribution networks in North and South America, Europe and Australia, ensuring stable cash flows under current regulatory frameworks.