This High-Yield Dividend Stock's Latest Deal Launches a New Growth Phase
Brookfield Infrastructure (NYSE: BIP)(NYSE: BIPC) has a long history of steadily expanding its operations. The company has grown its funds from operations (FFO) per share at a 15% compound annual rate since its inception in 2009. That has enabled it to consistently increase its dividend yield (which currently clocks in at around 3.7%) at a 10% annual rate.
Brookfield is about to enter its next expansionary phase, fueled by its pending acquisition of Inter Pipeline (TSX: IPL). The deal was one of the central themes of the infrastructure company's second-quarter shareholder letter. Here's a closer look at why it's so excited to bring that company into the fold.
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Source Fool.com
