Brookfield Infrastructure Partners LP (BIP) To Go Ex-Dividend on August 31st

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 given 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 4.4%. 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%annually over the last three years and has increased 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 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 Price Performance

Shares of NYSE BIP opened at $41.72 on Friday. The company has a market capitalization of $19.31 billion, a PE ratio of 67.29 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 twelve month low of $29.63 and a twelve month high of $44.03. The firm has a fifty day simple moving average of $38.53 and a 200 day simple moving average of $37.51.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last issued its quarterly earnings results on Wednesday, April 29th. The utilities provider reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.62. The firm had revenue of $6.30 billion during the quarter, compared to the consensus estimate of $2.13 billion. Brookfield Infrastructure Partners had a return on equity of 2.59% and a net margin of 3.51%.During the same period last year, the business posted $0.82 EPS. On average, sell-side analysts forecast that Brookfield Infrastructure Partners will post 3.63 EPS for the current year.

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.