Brookfield Infrastructure Partners LP (BIP) to Issue Quarterly Dividend of $0.46 on June 30th

Brookfield Infrastructure Partners LP (NYSE:BIPGet Free Report) (TSE:BIP.UN) declared a quarterly dividend on Wednesday, April 29th. Stockholders of record on Friday, May 29th will be given a dividend of 0.455 per share by the utilities provider on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date is Friday, May 29th.

Brookfield Infrastructure Partners has decreased its dividend payment by an average of 0.2%per year over the last three years and has raised its dividend every year for the last 18 years. Brookfield Infrastructure Partners has a payout ratio of 124.7% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Brookfield Infrastructure Partners to earn $4.06 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 44.8%.

Brookfield Infrastructure Partners Trading Up 3.0%

Brookfield Infrastructure Partners stock opened at $35.85 on Friday. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.75 and a current ratio of 0.78. The business’s 50-day simple moving average is $36.93 and its 200-day simple moving average is $35.91. The firm has a market capitalization of $16.59 billion, a PE ratio of 54.32 and a beta of 1.11. Brookfield Infrastructure Partners has a 52 week low of $29.19 and a 52 week high of $40.32.

Brookfield Infrastructure Partners (NYSE:BIPGet Free Report) (TSE:BIP.UN) last posted its quarterly earnings data on Wednesday, April 29th. The utilities provider reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.62. The business had revenue of $6.30 billion for the quarter, compared to analyst estimates of $2.13 billion. Brookfield Infrastructure Partners had a return on equity of 2.56% and a net margin of 3.46%.During the same period in the previous year, the company posted $0.82 earnings per share. Equities research analysts forecast that Brookfield Infrastructure Partners will post 3.63 earnings per share for the current year.

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Brookfield Infrastructure Partners Company Profile

(Get Free Report)

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.

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Dividend History for Brookfield Infrastructure Partners (NYSE:BIP)

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