Brookfield Infrastructure Partners LP (NYSE:BIP) to Issue Quarterly Dividend of $0.46

Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) announced a quarterly dividend on Thursday, July 30th. Stockholders of record on Monday, August 31st will be paid a dividend of 0.455 per share by the utilities provider on Tuesday, September 29th. This represents a c) dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend is Monday, August 31st.

Brookfield Infrastructure Partners has decreased its dividend payment by an average of 0.2%per year over the last three years and has increased its dividend annually for the last 18 consecutive years. Brookfield Infrastructure Partners has a dividend 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 research analysts expect Brookfield Infrastructure Partners to earn $4.05 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 44.9%.

Brookfield Infrastructure Partners Stock Performance

BIP opened at $42.13 on Friday. The firm has a market cap of $19.50 billion, a PE ratio of 63.83 and a beta of 1.06. The company has a quick ratio of 0.64, a current ratio of 0.68 and a debt-to-equity ratio of 1.74. The business has a fifty day simple moving average of $38.49 and a 200-day simple moving average of $37.48. Brookfield Infrastructure Partners has a fifty-two week low of $29.63 and a fifty-two week high of $44.04.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last announced its earnings results on Wednesday, April 29th. The utilities provider reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.62. Brookfield Infrastructure Partners had a return on equity of 2.54% and a net margin of 3.46%.The company had revenue of $6.30 billion for the quarter, compared to analyst estimates of $2.13 billion. During the same period in the previous year, the firm earned $0.82 earnings per share. As a group, equities analysts predict that Brookfield Infrastructure Partners will post 3.63 EPS for the current fiscal 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.