Dividend Increase - Brookfield Infrastructure (BIP, BIPC)

 

 

Wednesday, February 2nd the Board of Directors of Brookfield Infrastructure (BIP, BIPC) announced a quarterly dividend increase of from $ 0.51 to $ 0.54 per share that’s payable March 31, 2022 to holders of record February 28, 2022. This represents a 5.9% increase over the last quarterly dividend.

 

With current price $ 60.00 (today's open), this raise brings their dividend yield to 3.60%.

 

BIP is a Dividend Contenders with a 15 year streak of dividend increases. Dividend growth rates for 1, 3, 5 and 10 years are 5.2, 6.4, 8.0 and 9.9 (Dividend Champions.xls)

 

 

Since I own 151 shares of Brookfield Infrastructure, this will increase my portfolio's projected annual net dividend income by $ 13.50.

 

The increase was in line with my expectations, as Brookfield Infrastructure's dividend increase target is 5-9% per annum.

 

This is the 4th dividend increase I've received from Brookfield Infrastructure since initiating a position in October 2018. During this period, the dividend has grown moderately from $0.47 to $0.54 or 14.9% and addition BIP announced creation of BIPC with a special distribution of class A shares of BIPC.

 

This increase raises my YOC to 4.57%.

 

 

Summary of 2021 Dividend Increases / Cuts

 

 

Click here to see my portfolio holdings.

 

You can follow the development of my dividends here.

 

Full Disclosure: Long BIP, BIPC

 

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