This Magnificent 4.9%-Yielding Dividend Stock Continues to Cash in on This Smart Strategy
Brookfield Infrastructure (NYSE: BIPC)(NYSE: BIP) has done a magnificent job growing its dividend over the years. The global infrastructure giant has increased its payout for 16 straight years, every single year since its formation. It has delivered an impressive 9% compound annual dividend growth rate during that period. That payout currently yields an attractive 4.9%. Fueling the company's dividend has been its ability to grow its business through organic investment and accretive acquisitions. One crucial factor supporting its ability to continue investing in growing its business is its smart capital recycling strategy. Brookfield Infrastructure routinely cashes in on the value of its mature businesses, giving it more cash to invest in new opportunities that can earn even higher returns to drive accelerated growth.Brookfield Infrastructure has a simple business strategy. It acquires high-quality infrastructure assets on a value basis, enhances them through an operations-oriented management strategy, and eventually recycles that capital to fund new investment opportunities. The company aims to generate an internal rate of return (IRR) of 12% to 15% from this strategy. Continue reading
Brookfield Infrastructure (NYSE: BIPC)(NYSE: BIP) has done a magnificent job growing its dividend over the years. The global infrastructure giant has increased its payout for 16 straight years, every single year since its formation. It has delivered an impressive 9% compound annual dividend growth rate during that period. That payout currently yields an attractive 4.9%.
Fueling the company's dividend has been its ability to grow its business through organic investment and accretive acquisitions. One crucial factor supporting its ability to continue investing in growing its business is its smart capital recycling strategy. Brookfield Infrastructure routinely cashes in on the value of its mature businesses, giving it more cash to invest in new opportunities that can earn even higher returns to drive accelerated growth.
Brookfield Infrastructure has a simple business strategy. It acquires high-quality infrastructure assets on a value basis, enhances them through an operations-oriented management strategy, and eventually recycles that capital to fund new investment opportunities. The company aims to generate an internal rate of return (IRR) of 12% to 15% from this strategy.
