Brookfield Infrastructure Partners L.P. Declares Quarterly Dividend of $0.43

Brookfield Infrastructure Partners L.P. (NYSE:BIP) has announced a quarterly dividend of $0.43 per share, which will be paid to investors of record on Friday, February 28th. The payment date for this dividend is set for Monday, March 31st. This new dividend reflects an increase from the previous quarterly payment of $0.41 per share. With this adjustment, Brookfield Infrastructure Partners' annualized dividend stands at $1.72, providing a yield of 5.25%.

Dividend Trends

Over the past three years, Brookfield Infrastructure Partners has seen an average dividend increase of 6.0% annually. Despite this positive trend, the company currently has a payout ratio of 121.8%. This suggests that it is relying on its balance sheet rather than earnings to maintain its dividend payments. Analysts project that Brookfield Infrastructure Partners will earn $3.44 per share in the upcoming fiscal year, which indicates the company should comfortably cover its annual dividend of $1.62, thereby reducing the expected payout ratio to 47.1%.

Stock Performance

On the trading floor, BIP shares experienced a decline of 2.4%, dropping by $0.79 to reach a trading price of $32.78. During the day, 268,717 shares exchanged hands, which is lower than the average trading volume of 355,550. The company holds a market capitalization of approximately $15.21 billion and carries a PE ratio of -86.26. With a beta of 1.07, its current ratio is 0.77, and the quick ratio stands at 0.72, while the debt-to-equity ratio is 1.72. Over the last twelve months, the stock has seen a low of $24.84 and a high of $36.50, with fifty-day and 200-day simple moving averages at $32.83 and $32.93, respectively.

Recent Earnings

Brookfield Infrastructure Partners released its quarterly earnings results on January 30th, revealing earnings of $0.82 per share for the quarter. This figure surpassed analysts' expectations, which had forecasted earnings of $0.24. The company reported a net margin of just 0.03% and a return on equity of 0.02%. Forecasts from research analysts predict a future earnings per share of 3.09 for the current fiscal year.

Analyst Ratings

Recent evaluations from research analysts have shown mixed views on BIP stock. On January 24th, StockNews.com downgraded the stock from a "hold" rating to a "sell" rating. Conversely, TD Securities raised their price target for the shares from $49.00 to $50.00, maintaining a "buy" rating. Similarly, Raymond James increased their price target from $44.00 to $46.00, assigning a "strong-buy" classification. Royal Bank of Canada also continued to hold an "outperform" rating, with a price target of $40.00. Currently, one analyst has a sell rating on the stock, while four analysts recommend a buy and two suggest a strong buy, leading to an overall average rating of "Buy" and an average price target of $42.20.

About Brookfield Infrastructure Partners

Brookfield Infrastructure Partners L.P. is engaged in owning and operating a range of utility, transport, and midstream businesses across North and South America, Europe, and the Asia Pacific. Its utilities segment manages approximately 2,900 km of electricity transmission lines and 4,200 km of natural gas pipelines, catering to 8.1 million electricity and natural gas connections.

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