This High-Yielding Infrastructure Stock's Growth Engine Shifts Into High Gear
Brookfield Infrastructure (NYSE: BIP)(NYSE: BIPC) recently reported strong third-quarter results. The global infrastructure company delivered double-digit earnings growth, powered by a combination of organic increases and acquisitions. Meanwhile, it recently completed a needle-moving deal and has others in the works, which should fuel faster growth in the coming quarters. These factors put its 3.5%-yielding dividend on an even more sustainable foundation.
Here's a closer look at Brookfield's quarter and what's ahead for the global infrastructure giant.
Brookfield Infrastructure generated $442 million in funds from operations (FFO) during the third quarter, up 16% year over year. Several factors contributed to that robust result.
Source Fool.com
