BIPC - Down 17% This Magnificent Dividend Stock Is a Screaming Buy
Brookfield Infrastructure (NYSE: BIPC) (NYSE: BIP) is an incredible company. The global infrastructure operator has delivered a 16.5% annualized total return since its inception in 2008. That has pulverized the 9.4% total return of the S&P 500 during that time frame.
Fueling those returns has been the company's ability to grow its cash flow and dividend at attractive rates. Brookfield recently increased its payout by another 6%, marking its 14th straight year of dividend growth.
The company has a lot more growth ahead. This makes the 17% decline in its share price from the recent peak look like a screaming buy for long-term investors these days.
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Down 17%, This Magnificent Dividend Stock Is a Screaming Buy