CBB - This High-Yield Infrastructure Stock Has Plenty of Fuel to Keep Boosting Its Dividend
Brookfield Infrastructure Partners (NYSE: BIP) recently closed the books on another exceptional year. The global infrastructure operator grew its funds from operations (FFO) by 9% on a per-unit basis, fueled by a combination of acquisitions and organic growth. That allowed it to increase its payout by another 7%, marking its 11th consecutive annual raise, and pushing its yield up to 3.9%.
Based on the number of growth drivers the company has coming down the pike -- a topic that was one of the central themes on its fourth-quarter conference call -- these trends appear poised to continue.
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