Second quarter results for Brookfield Infrastructure Partners (BIP) reaffirmed my conviction that the partnership is one of the top recession-resistant dividend growth stocks available in the market today. Between BIP's strong organic growth, capital recycling, strong balance sheet, and broad diversification across high-quality businesses and attractive geographic markets, they are able to combine an attractive and safe distribution yield with strong growth prospects.
Strong Organic Growth
During Q2, BIP generated a 10% organic growth rate, demonstrating an exceptionally healthy business model.
The utilities segment saw solid year-over-year adjusted EBITDA growth of 7.3% driven