This Brilliant High-Yield Dividend Stock is About to Shift Into a Higher Gear
Brookfield Infrastructure (NYSE: BIP)(NYSE: BIPC) is having another very solid year. The global infrastructure operator is growing its earnings at a healthy clip, mainly driven by a couple of notable organic growth drivers.
The company's already solid growth rate is about to get a meaningful boost from recently completed acquisitions. That will give the company more fuel to continue growing its dividend, which yields a very attractive 6.7% these days.
Brookfield Infrastructure generated $560 million of funds from operations (FFO) during the third quarter. That was up 7% compared to last year. The company benefited from the strong underlying performance of its existing infrastructure businesses, most of which can raise rates in line with inflation. It also got a boost from completing $1 billion of capital projects over the past year.
Source Fool.com
Brookfield Corp. Stock
We see a rather positive sentiment for Brookfield Corp. with 14 Buy predictions and 1 Sell predictions.
As a result the target price of 42 € shows a slightly positive potential of 5.0% compared to the current price of 40.0 € for Brookfield Corp..
