Brookfield Infrastructure Co. (BIPC) to Issue Dividend of $0.43 on December 31st

Brookfield Infrastructure Co. (NYSE:BIPC) declared a dividend on Wednesday, November 26th, investing.com reports. Shareholders of record on Monday, December 1st will be paid a dividend of 0.43 per share on Wednesday, December 31st. This represents a yield of 384.0%. The ex-dividend date is Friday, November 28th.

Brookfield Infrastructure has a dividend payout ratio of 30.7% indicating that its dividend is sufficiently covered by earnings.

Brookfield Infrastructure Stock Performance

Shares of Brookfield Infrastructure stock traded up $0.70 during midday trading on Wednesday, hitting $45.49. 173,060 shares of the company traded hands, compared to its average volume of 631,144. The firm’s fifty day moving average price is $44.02 and its 200-day moving average price is $41.71. The stock has a market cap of $5.42 billion, a price-to-earnings ratio of 30.85 and a beta of 1.46. Brookfield Infrastructure has a 12 month low of $32.08 and a 12 month high of $47.71.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Weiss Ratings restated a “sell (d-)” rating on shares of Brookfield Infrastructure in a research report on Thursday, November 20th. Wall Street Zen raised Brookfield Infrastructure from a “sell” rating to a “hold” rating in a research note on Friday, September 26th. Finally, Morgan Stanley lifted their target price on shares of Brookfield Infrastructure from $45.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Tuesday, August 26th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus target price of $46.00.

Brookfield Infrastructure Company Profile

Brookfield Infrastructure Corporation, together with its subsidiaries, owns and operates regulated natural gas transmission systems in Brazil. The company also engages in the regulated gas and electricity distribution operations in the United Kingdom; and electricity transmission and distribution, as well as gas distribution in Australia.