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The consensus price target hints at a 26.5% upside potential for Brookfield Infrastructure (BIP). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.
Brookfield Infrastructure's FFO grew 10% in the second quarter. The company expects to continue growing briskly in the coming quarters.
BROOKFIELD, News, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Brookfield Infrastructure Partners L.P. (Brookfield Infrastructure, BIP, or the Partnership) (NYSE: BIP; TSX: BIP.UN) today announced its results for the second quarter ended June 30, 2024.
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?
Brookfield Infrastructure continues to grow at a double-digit rate. The company's parent is looking to sell down its stake.
BIP will benefit from macro trends such as AI and a growing EV market. BIP has an excellent track record and should be able to deliver appealing FFO per share growth going forward. Investors get a nice starting yield of more than 5%, while BIP also trades at an inexpensive valuation.
Brookfield Infrastructure pays a sustainable dividend that yields around 5%. The company is growing its earnings at a double-digit percentage rate.
Brookfield Infrastructure's high-yielding dividend is on a very firm financial foundation. The company expects to grow its cash flow per share at a more than 10% annual rate.
Infrastructure investing has become a $1tn asset class, attracting wealthy investors and funds. Brookfield Infrastructure offers stable income, growth potential, and inflation protection with a diversified portfolio. Despite recent market challenges, BIPC's strong balance sheet and growth opportunities make it an attractive buy for investors.
Brookfield Infrastructure pays a high-yielding dividend, backed by a rock-solid financial profile. The global infrastructure company is growing fast, giving it plenty of fuel to continue increasing its payout.