Brookfield Infrastructure Partners (NYSE:BIP – Get Free Report) (TSE:BIP.UN) announced its quarterly earnings data on Thursday. The utilities provider reported $0.82 EPS for the quarter, beating the consensus estimate of $0.24 by $0.58, Zacks reports. Brookfield Infrastructure Partners had a net margin of 0.03% and a return on equity of 0.02%.
Brookfield Infrastructure Partners Trading Down 2.4 %
BIP stock opened at $32.78 on Friday. Brookfield Infrastructure Partners has a one year low of $24.84 and a one year high of $36.50. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.72 and a current ratio of 0.77. The company’s 50 day moving average price is $32.79 and its two-hundred day moving average price is $32.95. The company has a market capitalization of $15.21 billion, a PE ratio of -86.26 and a beta of 1.07.
Brookfield Infrastructure Partners Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 28th will be issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 5.25%. This is a boost from Brookfield Infrastructure Partners’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend is Friday, February 28th. Brookfield Infrastructure Partners’s dividend payout ratio (DPR) is currently -426.32%.
Analysts Set New Price Targets
View Our Latest Analysis on Brookfield Infrastructure Partners
Brookfield Infrastructure Partners Company Profile
Brookfield Infrastructure Partners L.P. owns and operates utilities, transport, midstream, and data businesses in North and South America, Europe, and the Asia Pacific. The company's Utilities segment operates approximately 2,900 km of electricity transmission lines; 4,200 km of natural gas pipelines; 8.1 million electricity and natural gas connections; and 0.6 million long-term contracted sub-metering services.
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