This Brilliant High-Yield Dividend Stock is About to Shift Into a Higher Gear
Brookfield Infrastructure (NYSE: BIP)(NYSE: BIPC) is having another very solid year. The global infrastructure operator is growing its earnings at a healthy clip, mainly driven by a couple of notable organic growth drivers.
The company's already solid growth rate is about to get a meaningful boost from recently completed acquisitions. That will give the company more fuel to continue growing its dividend, which yields a very attractive 6.7% these days.
Brookfield Infrastructure generated $560 million of funds from operations (FFO) during the third quarter. That was up 7% compared to last year. The company benefited from the strong underlying performance of its existing infrastructure businesses, most of which can raise rates in line with inflation. It also got a boost from completing $1 billion of capital projects over the past year.
Source Fool.com
Brookfield Corp. Aktie
Einige Buy-Einschätzungen geben Brookfield Corp. den Vorteil gegenüber Sell-Einschätzungen.
Ein Kursziel von 42 € für Brookfield Corp. zeigt ein leicht positives Potenzial im Vergleich zum aktuellen Kurs von 39.3 €.
