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. Shareholders 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 4.8%. The ex-dividend date of this dividend is Monday, August 31st.

Brookfield Infrastructure Partners has decreased its dividend by an average of 0.2%per year 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. Research analysts expect Brookfield Infrastructure Partners to earn $4.13 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 44.1%.

Brookfield Infrastructure Partners Stock Performance

Shares of BIP opened at $38.10 on Friday. The business’s 50 day moving average is $38.75 and its two-hundred day moving average is $38.02. Brookfield Infrastructure Partners has a 52-week low of $30.09 and a 52-week high of $44.03. The firm has a market cap of $17.54 billion, a price-to-earnings ratio of 61.45 and a beta of 1.05. The company has a quick ratio of 0.84, a current ratio of 0.89 and a debt-to-equity ratio of 1.83.

Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last released its quarterly earnings results on Thursday, July 30th. The utilities provider reported $0.89 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.73. The business had revenue of $6.48 billion during the quarter, compared to the consensus estimate of $2.23 billion. Brookfield Infrastructure Partners had a net margin of 3.51% and a return on equity of 2.63%. The business’s quarterly revenue was up 19.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.81 earnings per share. Analysts forecast that Brookfield Infrastructure Partners will post 3.66 EPS for the current fiscal year.

Institutional Investors Weigh In On Brookfield Infrastructure Partners

A number of institutional investors have recently modified their holdings of the business. Clear Trail Advisors LLC lifted its holdings in Brookfield Infrastructure Partners by 5.0% in the first quarter. Clear Trail Advisors LLC now owns 7,344 shares of the utilities provider’s stock worth $265,000 after acquiring an additional 350 shares during the last quarter. NewEdge Advisors LLC grew its holdings in shares of Brookfield Infrastructure Partners by 4.8% during the fourth quarter. NewEdge Advisors LLC now owns 8,758 shares of the utilities provider’s stock valued at $304,000 after purchasing an additional 400 shares during the last quarter. Public Sector Pension Investment Board grew its holdings in shares of Brookfield Infrastructure Partners by 0.9% during the second quarter. Public Sector Pension Investment Board now owns 44,700 shares of the utilities provider’s stock valued at $1,494,000 after purchasing an additional 400 shares during the last quarter. Empire Financial Management Company LLC raised its position in shares of Brookfield Infrastructure Partners by 1.0% during the 4th quarter. Empire Financial Management Company LLC now owns 40,792 shares of the utilities provider’s stock worth $1,417,000 after purchasing an additional 403 shares during the period. Finally, State of Wyoming raised its position in shares of Brookfield Infrastructure Partners by 12.6% during the 2nd quarter. State of Wyoming now owns 3,649 shares of the utilities provider’s stock worth $122,000 after purchasing an additional 407 shares during the period. Institutional investors 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.