BIPC - This Top Dividend Stock Continues to Supercharge Its Growth Profile
2023-04-13 07:49:00 ET
Brookfield Infrastructure Partners (NYSE: BIP) has a strong embedded organic growth profile. The global infrastructure operator believes inflation, economic growth, and expansion projects can drive mid- to high-single-digit earnings growth over the next several years.
However, it's not resting on its laurels. The company continues to actively manage its portfolio to drive faster growth, recently unveiling its latest move to supercharge its growth rate.
Brookfield Infrastructure Partners and its institutional partners have agreed to acquire Triton International (NYSE: TRTN) in a cash-and-stock deal valuing the company's equity at $4.7 billion. Brookfield Infrastructure and its partners are paying $68.50 per share in cash plus $16.50 per share in stock, consisting of shares in its corporate subsidiary Brookfield Infrastructure Corporation (NYSE: BIPC) . The combined value represents a 35% premium to Triton's closing share price the day before the deal's announcement.
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This Top Dividend Stock Continues to Supercharge Its Growth Profile