BIPC - Got $1000? This High-Yield Dividend Stock Is Such a Screaming Buy Right Now
2024-06-22 07:25:00 ET
Brookfield Infrastructure (NYSE: BIPC) (NYSE: BIP) has been an incredible wealth creator over the years . The global-infrastructure giant has delivered a nearly 14% annualized total return since its formation in 2008. The company has grown its funds from operations (FFO) per share at a 15% compound annual rate during the period while increasing its high-yielding dividend at a 9% compound annual rate.
Despite that exceptional track record, Brookfield Infrastructure currently trades at a dirt-cheap price. That makes the company look like a screaming buy , given all the growth it has ahead .
Brookfield Infrastructure pays a very attractive dividend. Its payout is currently approaching 5%. That's several times above the S&P 500 's 1.3% dividend yield . At that rate, a $1,000 investment in Brookfield Infrastructure would generate nearly $50 of annual-dividend income (versus only about $13 from an S&P 500 index fund).
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Got $1,000? This High-Yield Dividend Stock Is Such a Screaming Buy Right Now