On Thursday, January 30th the Board of Directors of Brookfield Infrastructure Partners L.P. (BIP) announced a quarterly distribution increase of from $0.405 to $0.43 per share that’s payable March 31, 2025 to holders of record February 28, 2025. This represents a 6.17% increase over the last quarterly dividend.
In conjunction with the Partnership’s distribution declaration, the Board of Directors of Brookfield Infrastructure Corporation (BIPC) has declared an equivalent quarterly dividend of $0.405 per share, also payable on March 29, 2024 to shareholders of record as at the close of business on February 29, 2024.
At the current price of $42.02 (yesterday's close), this increase will raise BIPC's dividend yield to 4.09%.
Brookfield Infrastructure is a Dividend Contenders with a 18 year streak of distribution increases. Distribution growth rates for 1, 3, 5 and 10 years are 5.9, 6.0, 6.1 and 7.7 (Dividend Champions.xls)
As an owner of 420 shares of Brookfield Infrastructure Corporation, the recent dividend increase adds $31.29 to my projected annual net dividend income.
The increase was in line with my expectations and I am happy to take it.
This recent dividend increase marks the seventh consecutive raise I’ve received from Brookfield Infrastructure since I acquired my first shares in October 2018. Over this time, the quarterly dividend has grown nicely from $0.2848 to $0.43 per share, representing a 51.0% increase.
Following this increase, my yield on cost is 5.96%.
Summary of 2025 Dividend Increases / Cuts
Click here to see my portfolio holdings.
You can follow the development of my dividends here.
Full Disclosure: Long BIPC
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