Brookfield Infrastructure Partners (TSE:BIP) Rating Increased to Strong-Buy at Cibc World Mkts

Cibc World Mkts upgraded shares of Brookfield Infrastructure Partners (TSE:BIP) to a strong-buy rating in a research report sent to investors on Friday morning, Zacks.com reports.

Brookfield Infrastructure Partners Price Performance

Brookfield Infrastructure Partners Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, August 30th will be given a $0.554 dividend. The ex-dividend date is Friday, August 30th. This is a boost from Brookfield Infrastructure Partners’s previous quarterly dividend of $0.55. This represents a $2.22 dividend on an annualized basis and a dividend yield of ∞.

About Brookfield Infrastructure Partners

Brookfield Infrastructure Partners is a leading global infrastructure company that owns and operates high-quality, long-life assets in the utilities, transport, midstream and data infrastructure sectors across North and South America, Asia Pacific and Europe. The Company is focused on assets that have contracted and regulated revenues that generate stable and predictable cash flows.