Brookfield Infrastructure Partners LP (TSE:BIP – Get Rating) announced a quarterly dividend on Thursday, February 2nd, Zacks reports. Stockholders of record on Tuesday, February 28th will be given a dividend of 0.519 per share on Friday, March 31st. This represents a $2.08 dividend on an annualized basis and a dividend yield of ∞. The ex-dividend date of this dividend is Monday, February 27th. This is a boost from Brookfield Infrastructure Partners's previous quarterly dividend of $0.50.
Brookfield Infrastructure Partners Price Performance
Get Brookfield Infrastructure Partners alerts:Brookfield Infrastructure Partners (TSE:BIP – Get Rating) last issued its quarterly earnings data on Wednesday, November 2nd. The company reported C$0.07 earnings per share for the quarter, missing analysts' consensus estimates of C$0.79 by C($0.72). The company had revenue of C$4.73 billion for the quarter.
Insider Activity at Brookfield Infrastructure Partners
In related news, Director Sam Jb Pollock acquired 6,000 shares of the stock in a transaction that occurred on Thursday, December 22nd. The shares were bought at an average price of C$42.54 per share, for a total transaction of C$255,240.00. Following the completion of the transaction, the director now directly owns 41,390 shares in the company, valued at C$1,760,730.60. In other Brookfield Infrastructure Partners news, Director Sam Jb Pollock purchased 6,000 shares of the firm's stock in a transaction on Thursday, December 22nd. The shares were acquired at an average cost of C$42.54 per share, for a total transaction of C$255,240.00. Following the completion of the transaction, the director now owns 41,390 shares of the company's stock, valued at C$1,760,730.60. Also, Director John Patrick Mullen purchased 6,740 shares of the firm's stock in a transaction on Wednesday, November 30th. The stock was acquired at an average price of C$50.32 per share, for a total transaction of C$339,185.24. Following the completion of the transaction, the director now directly owns 6,740 shares of the company's stock, valued at approximately C$339,185.24.
Analyst Upgrades and Downgrades
Separately, National Bank Financial downgraded shares of Brookfield Infrastructure Partners from an "outperfrom under weight" rating to a "sector perform market weight" rating in a research report on Thursday, November 3rd.About Brookfield Infrastructure Partners
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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.
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