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, January 29th. Investors 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 yield of 5.0%. 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 0.1%per year over the last three years and has raised its dividend annually for the last 18 consecutive years. Brookfield Infrastructure Partners has a payout ratio of 117.8% indicating that 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 $3.80 per share next year, which means the company should continue to be able to cover its $1.72 annual dividend with an expected future payout ratio of 45.3%.

Brookfield Infrastructure Partners Price Performance

NYSE:BIP traded up $1.01 during trading hours on Thursday, reaching $36.33. 1,339,269 shares of the company were exchanged, compared to its average volume of 469,693. The firm has a market cap of $16.76 billion, a PE ratio of 10.77 and a beta of 1.10. Brookfield Infrastructure Partners has a twelve month low of $25.72 and a twelve month high of $36.58. The stock’s 50-day moving average is $34.97 and its 200-day moving average is $33.39. The company has a current ratio of 0.85, a quick ratio of 0.81 and a debt-to-equity ratio of 1.68.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last posted its quarterly earnings data on Thursday, January 29th. The utilities provider reported $0.87 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.87. Brookfield Infrastructure Partners had a return on equity of 2.74% and a net margin of 3.70%.The company’s revenue was up 5.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.78 EPS. On average, sell-side analysts anticipate that Brookfield Infrastructure Partners will post 3.45 earnings per share for the current fiscal year.

Institutional Trading of Brookfield Infrastructure Partners

Hedge funds have recently added to or reduced their stakes in the company. Assetmark Inc. increased its holdings in Brookfield Infrastructure Partners by 544.1% in the fourth quarter. Assetmark Inc. now owns 1,256 shares of the utilities provider’s stock valued at $44,000 after buying an additional 1,061 shares during the last quarter. Westfuller Advisors LLC purchased a new stake in Brookfield Infrastructure Partners in the 3rd quarter valued at $44,000. Sound Income Strategies LLC boosted its stake in shares of Brookfield Infrastructure Partners by 45.0% during the fourth quarter. Sound Income Strategies LLC now owns 1,404 shares of the utilities provider’s stock worth $49,000 after buying an additional 436 shares during the period. Concord Wealth Partners acquired a new stake in Brookfield Infrastructure Partners during the 4th quarter worth approximately $50,000. Finally, City Holding Co. purchased a new position in Brookfield Infrastructure Partners during the 3rd quarter worth $59,000. Institutional investors and hedge funds own 57.92% of the company’s stock.

About Brookfield Infrastructure Partners

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.