BIPC - Here's Why Brookfield Infrastructure Partners Is a No-Brainer Dividend Stock
2023-04-12 07:44:00 ET
Brookfield Infrastructure Partners (NYSE: BIP) has been a top-quality dividend stock since its formation in 2008. The global infrastructure giant has increased its payout in each of the last 14 years, growing its distribution at a 9% compound annual rate. Meanwhile, it offers a very attractive yield at 4.5%.
The partnership, and by extension, its corporate twin Brookfield Infrastructure Corporation (NYSE: BIPC) , should be able to continue growing the payout. A big reason is the durability and embedded growth profile of its cash flow.
Brookfield Infrastructure operates a large-scale, globally diversified portfolio of infrastructure businesses . They span the utilities , transport, midstream, and data sectors. However, the company's infrastructure businesses share one factor in common. They produce very predictable and steady cash flows.
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Here's Why Brookfield Infrastructure Partners Is a No-Brainer Dividend Stock