This High-Yield Dividend Stock Is Delivering Explosive Growth (With More to Come)
Companies that pay above-average dividends don't typically grow very quickly. They're usually in mature industries that lack appealing growth prospects. As a result, they tend to pay out more of their earnings via dividends than they retain for reinvestment.
That makes Brookfield Infrastructure (NYSE: BIPC)(NYSE: BIP) stand out. The global infrastructure company operates many slower-growing businesses like utilities and energy midstream assets that generate lots of cash. This allows it to pay a high-yielding dividend of around 3.5%, roughly double that of the S&P 500.
However, it's also growing briskly. Because of that, Brookfield is a great option for those seeking growth and income.
Source Fool.com
