Why I Keep Buying This Top High-Yield Dividend Stock Hand Over Fist
I'm an avid income investor. I focus a lot of my attention on finding companies that can supply me with an above-average, steadily rising income stream. Investing in high-quality, high-yielding dividend stocks is the foundation of my strategy to grow my passive income streams to the point where they'll cover my recurring expenses.
Brookfield Infrastructure (NYSE: BIP)(NYSE: BIPC) is one of my favorite income stocks. I'm routinely adding to my position in the leading global infrastructure operator. Here's why I keep buying the top-notch, high-yield dividend stock hand over fist.
Brookfield Infrastructure operates a globally diversified portfolio of infrastructure businesses that generate very stable cash flow. Its utilities, transport, midstream, and data infrastructure assets get 90% of their earnings from predictable long-term, fee-based contracts or government-regulated rate structures, with an average remaining term of 10 years. Meanwhile, 70% of its cash flow has no volume or price exposure, and 85% is either protected from or indexed to inflation.
Source Fool.com
Brookfield Corp. Stock
We see a rather positive sentiment for Brookfield Corp. with 13 Buy predictions and 1 Sell predictions.
However, we have a potential of -2.05% for Brookfield Corp. as the target price of 43 € is below the current price of 43.9 €.
