This 4.3%-Yielding Dividend Stock Could Double Its Payout In 8 Years
Investors looking for ways to pad their passive income stream with dividend stocks typically have two basic options. You can choose dividend payers that offer high yields, but these stocks tend to raise their payouts slowly, if at all. On the other hand, you could buy shares of businesses expected to raise their payouts quickly. Unfortunately, rapid payout raisers tend to offer yields that are less than the risk-free interest rate you can receive from a basic savings account.
If you're not excited about low-yield payout growers or risky high-yield stocks, I've got good news. Brookfield Infrastructure (NYSE: BIPC) is a highly reliable dividend grower that offers a juicy 4.3% yield at recent prices. Here's why it looks like a perfect dividend growth stock for folks who want to see their payouts grow but can't accept low yields up front.
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Source Fool.com
Brookfield Corp. Stock
Currently there is a rather positive sentiment for Brookfield Corp. with 19 Buy predictions and 11 Sell predictions.
With a target price of 59 € there is a hugely positive potential of 55.67% for Brookfield Corp. compared to the current price of 37.9 €.
