BIPC - This Magnificent 4.1%-Yielding Dividend Stock Continues to Gear Up for More Growth
2023-06-16 08:15:00 ET
Brookfield Infrastructure (NYSE: BIP) (NYSE: BIPC) has a simple, threefold investment strategy. The global infrastructure operator:
The company believes this strategy will help grow its funds from operations (FFO) per share by more than 10% annually over the long term. That should support 5% to 9% annual growth in its dividend, which currently yields 4.1%.
Brookfield's strategy has been on full display this year. It recently unveiled its latest exit transaction, which will give it more capital to make new investments (it already has its sights set on its next deal). These moves position the company for more growth ahead.
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This Magnificent 4.1%-Yielding Dividend Stock Continues to Gear Up for More Growth