Brookfield Infrastructure Corp - said on May 3, 2023 that its board of directors declared a regular quarterly dividend of $0.38 per share ($1.53 annualized). Previously, the company paid $0.38 per share.
Shares must be purchased before the ex-div date of May 30, 2023 to qualify for the dividend. Shareholders of record as of May 31, 2023 will receive the payment on June 30, 2023.
At the current share price of $42.27 / share, the stock's dividend yield is 3.62%.
Looking back five years and taking a sample every week, the average dividend yield has been 3.35%, the lowest has been 1.90%, and the highest has been 6.19%. The standard deviation of yields is 0.63 (n=145).
The current dividend yield is 0.43 standard deviations above the historical average.
Additionally, the company's dividend payout ratio is 0.15. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company has not increased its dividend in the last three years.
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What is the Fund Sentiment?
There are 504 funds or institutions reporting positions in Brookfield Infrastructure Corp -. This is an increase of 29 owner(s) or 6.11% in the last quarter. Average portfolio weight of all funds dedicated to BIPC is 0.17%, an increase of 23.36%. Total shares owned by institutions increased in the last three months by 13.82% to 84,185K shares. 
The put/call ratio of BIPC is 2.24, indicating a bearish outlook.
What are Other Shareholders Doing?
Brookfield Asset Management holds 13,013K shares representing 11.55% ownership of the company. No change in the last quarter.
Mackenzie Financial holds 4,550K shares representing 4.04% ownership of the company. In it's prior filing, the firm reported owning 167K shares, representing an increase of 96.33%. The firm increased its portfolio allocation in BIPC by 2,112.54% over the last quarter.
Royal Bank Of Canada holds 2,785K shares representing 2.47% ownership of the company. In it's prior filing, the firm reported owning 2,814K shares, representing a decrease of 1.03%. The firm decreased its portfolio allocation in BIPC by 13.82% over the last quarter.
Confluence Investment Management holds 2,604K shares representing 2.31% ownership of the company. In it's prior filing, the firm reported owning 2,590K shares, representing an increase of 0.53%. The firm increased its portfolio allocation in BIPC by 117,424.60% over the last quarter.
Arete Wealth Advisors holds 2,362K shares representing 2.10% ownership of the company. In it's prior filing, the firm reported owning 2,351K shares, representing an increase of 0.47%. The firm decreased its portfolio allocation in BIPC by 24.15% over the last quarter.
Brookfield Infrastructure Background Information
(This description is provided by the company.)
Brookfield Infrastructure Corporation is a Canadian corporation, created to provide investors with greater flexibility in how they access BIP’s globally diversified portfolio of high-quality infrastructure assets. Class A shares of BIPC are structured to provide an economic return equivalent to BIP units though a traditional corporate structure. Each BIPC Class A share has same distribution as a BIP unit, and is exchangeable, at the shareholders option, for one BIP unit.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
