Dividend Increase – Brookfield Infratstrucure Corporation (BIPC)



 

On Thursday,
January 30th the Board of Directors of Brookfield Infrastructure
Partners L.P. (BIP) announced
a quarterly distribution increase of from $0.405 to $0.43 per share
that’s payable March 31, 2025 to holders of record February 28,
2025. This represents a 6.17% increase over the last quarterly
dividend.


In conjunction with the Partnership’s
distribution declaration, the Board of Directors of Brookfield Infrastructure Corporation (BIPC) has declared
an equivalent quarterly dividend of $0.405 per share, also payable on
March 29, 2024 to shareholders of record as at the close of business
on February 29, 2024.


At the current price of $42.02
(yesterday’s close), this increase will raise BIPC’s dividend yield
to 4.09%.



Brookfield Infrastructure is a Dividend
Contenders with a 18 year streak of distribution increases.
Distribution growth rates for 1, 3, 5 and 10 years are 5.9, 6.0, 6.1
and 7.7 (Dividend
Champions.xls
)


As an owner of 420 shares of Brookfield
Infrastructure Corporation, the recent dividend increase adds $31.29
to my projected annual net dividend income.


The increase was in line with my
expectations and I am happy to take it.


This recent dividend increase marks the
seventh consecutive raise I’ve received from Brookfield
Infrastructure since I acquired my first shares in October 2018.
Over this time, the quarterly dividend has grown nicely from $0.2848
to $0.43 per share, representing a 51.0% increase.


Following this increase, my yield on
cost is 5.96%.



Summary of 2025 Dividend Increases /
Cuts



Click here
to see my portfolio holdings.


You can follow the development of my
dividends here.


Full Disclosure: Long BIPC


Thanks for stopping by!

Leave a Reply