Brookfield Infrastructure Partners L.P. (NYSE:BIP) (TSE:BIP.UN) declared a quarterly dividend on Thursday, November 7th, Zacks reports. Investors of record on Friday, November 29th will be paid a dividend of 0.502 per share by the utilities provider on Tuesday, December 31st. This represents a $2.01 dividend on an annualized basis and a dividend yield of 3.82%. The ex-dividend date of this dividend is Thursday, November 28th.
Shares of NYSE BIP opened at $52.51 on Tuesday. The business has a fifty day simple moving average of $50.12 and a 200 day simple moving average of $45.85. The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 0.91. The firm has a market capitalization of $14.73 billion, a price-to-earnings ratio of 89.00, a PEG ratio of 1.54 and a beta of 0.81. Brookfield Infrastructure Partners has a one year low of $32.26 and a one year high of $52.83.
Brookfield Infrastructure Partners (NYSE:BIP) (TSE:BIP.UN) last issued its earnings results on Thursday, November 7th. The utilities provider reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.74). The firm had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.08 billion. Brookfield Infrastructure Partners had a net margin of 4.27% and a return on equity of 1.82%. The business’s revenue for the quarter was up 42.6% compared to the same quarter last year. On average, research analysts anticipate that Brookfield Infrastructure Partners will post 3.4 earnings per share for the current fiscal year.
About Brookfield Infrastructure Partners
Brookfield Infrastructure Partners L.P. owns and operates utilities, transport, energy, and data infrastructure businesses. The Utilities segment operates approximately 2,000 kilometers (km) of natural gas transportation pipelines in the states of Rio de Janeiro, Sao Paulo, and Minas Gerais; approximately 2,200 km of electricity transmission lines in North and South America; and approximately 6.6 million electricity and natural gas connections and 1.1 million smart meters, as well as operates metallurgical coal export terminals.
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