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

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

Brookfield Infrastructure Partners has decreased its dividend by an average of 0.2%annually 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. 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%.

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Brookfield Infrastructure Partners Trading Down 1.2%

BIP traded down $0.49 on Thursday, reaching $42.13. 1,181,123 shares of the company traded hands, compared to its average volume of 878,979. The company has a market cap of $19.50 billion, a P/E 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. Brookfield Infrastructure Partners has a one year low of $29.63 and a one year high of $44.04. The firm has a fifty day simple moving average of $38.44 and a two-hundred day simple moving average of $37.42.

Brookfield Infrastructure Partners (NYSE:BIP – Get Free Report) (TSE:BIP.UN) last issued its earnings results on Thursday, July 30th. The utilities provider reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.73. The business had revenue of $6.48 billion for the quarter, compared to the consensus estimate of $2.23 billion. Brookfield Infrastructure Partners had a net margin of 3.46% and a return on equity of 2.54%. The company’s revenue for the quarter was up 19.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.81 EPS. As a group, equities research analysts expect that Brookfield Infrastructure Partners will post 3.63 earnings per share for the current year.

About Brookfield Infrastructure Partners

(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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