Brookfield Infrastructure Partners LP (NYSE:BIP) to Issue $0.43 Quarterly Dividend

Brookfield Infrastructure Partners LP (NYSE:BIP) (TSE:BIP.UN) announced a quarterly dividend on Friday, November 7th. Investors of record on Friday, November 28th will be given a dividend of 0.43 per share by the utilities provider on Wednesday, December 31st. This represents a c) annualized dividend and a yield of 4.9%. The ex-dividend date is Friday, November 28th.

Brookfield Infrastructure Partners has decreased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 18 consecutive years. Brookfield Infrastructure Partners has a payout ratio of 117.8% 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 $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 Stock Up 2.5%

NYSE BIP traded up $0.85 on Friday, reaching $35.19. The company had a trading volume of 586,853 shares, compared to its average volume of 524,224. The company’s fifty day moving average is $32.90 and its 200-day moving average is $32.25. The firm has a market capitalization of $16.31 billion, a price-to-earnings ratio of 703.86 and a beta of 1.14. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.85 and a current ratio of 0.88. Brookfield Infrastructure Partners has a 1-year low of $25.72 and a 1-year high of $35.64.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last issued its quarterly earnings results on Friday, November 7th. The utilities provider reported $0.83 EPS for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.03). The firm had revenue of $5.98 billion during the quarter, compared to the consensus estimate of $2.05 billion. Brookfield Infrastructure Partners had a net margin of 1.54% and a return on equity of 1.15%. The business’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.76 earnings per share. On average, research analysts forecast that Brookfield Infrastructure Partners will post 3.45 earnings per share for the current fiscal year.

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.