|Bid||41.52 x 800|
|Ask||41.84 x 800|
|Day's range||41.26 - 41.82|
|52-week range||35.81 - 46.01|
|Beta (5Y monthly)||0.79|
|PE ratio (TTM)||16.31|
|Forward dividend & yield||1.44 (3.62%)|
|Ex-dividend date||27 May 2022|
|1y target est||N/A|
Brookfield Infrastructure (BIP) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
The global infrastructure operator's funds from operations (FFO) surged 30%. Although a needle-moving acquisition was the primary driver, the company also benefited from elevated inflation, which allowed it to increase its contract rates. Brookfield's inflation-driven growth bodes well for its dividend.
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Brookfield Infrastructure Partners (BIP) have what it takes? Let's find out.