Brookfield Infrastructure Co. (NASDAQ:BIPC – Get Free Report)’s stock price traded up 3.1% during trading on Wednesday . The company traded as high as $29.79 and last traded at $29.79. 499,557 shares were traded during trading, a decline of 10% from the average session volume of 554,017 shares. The stock had previously closed at $28.90.
Brookfield Infrastructure Stock Up 3.2 %
The stock’s fifty day moving average price is $34.03 and its 200 day moving average price is $33.33. The stock has a market cap of $4.07 billion, a PE ratio of 20.76 and a beta of 1.38.
Brookfield Infrastructure Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, February 29th were issued a dividend of $0.405 per share. This is a boost from Brookfield Infrastructure’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $1.62 dividend on an annualized basis and a dividend yield of 5.25%. Brookfield Infrastructure’s dividend payout ratio is presently 112.50%.
Institutional Investors Weigh In On Brookfield Infrastructure
Brookfield Infrastructure Company Profile
Brookfield Infrastructure Corporation, together with its subsidiaries, owns and operates regulated natural gas transmission systems in Brazil. The company also engages in the regulated gas and electricity distribution operations in the United Kingdom; and electricity transmission and distribution, as well as gas distribution in Australia.
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