FFOPU News & Analysis

Brookfield Infrastructure Partners (BIP) 6% Dividend Growth Announced

Brookfield Infrastructure Partners L.P. (BIP) announced a quarterly distribution of about 46 cents per unit, reflecting a 6% year-over-year growth, payable on June 30. The annualized distribution per unit stands at $1.82, providing a yield of approximately 5%. Analyst Cherilyn Radbourne from TD Cowen maintained a buy rating on BIP with a price target of $57, expecting over 10% growth in funds from operations per unit this year due to strong investment activity. Additionally, BIP is exploring a consolidation with Brookfield Infrastructure Corporation to enhance liquidity and index eligibility.