This High-Yield Stock Is Adding a Towering Growth Driver
For a high-yield dividend stock, Brookfield Infrastructure (NYSE: BIPC) (NYSE: BIP) has produced a lot of growth over the years. The global infrastructure giant has delivered 15% compound annual growth in its funds from operations (FFO) per share since its formation in 2009.
That helped power 10% compound annual dividend growth, exceptional for a company that pays a high dividend yield. At 3.4%, it's almost double the 1.7% yield of an S&P 500 index fund. That fast growth and lucrative income stream have helped Brookfield deliver market-crushing total returns of 19% annualized since its formation.
This high-powered growth should continue. Brookfield and a partner are acquiring a majority stake in a leading European cell tower operator. That will enhance its ability to capitalize on the growing demand for data infrastructure.
Source Fool.com
