This High-Yield Dividend Stock Is Delivering High-Powered Growth
Brookfield Infrastructure (NYSE: BIPC)(NYSE: BIP) isn't your typical high-yielding dividend stock. The company, which yields over 4%, is also growing briskly. That was evident in the second quarter when its funds from operations (FFO) increased by 10%.
The global infrastructure operator sees more high-powered growth ahead. That should give it the fuel to continue increasing its high-yielding dividend and produce strong total returns.
Brookfield Infrastructure generated $608 million of FFO in the second quarter, up 10% from the prior-year period. The company benefited from solid organic growth drivers and the impact of recently completed acquisitions.
Source Fool.com
Brookfield Corp. Stock
€46.80
4.220%
We see a rather positive sentiment for Brookfield Corp. with 16 Buy predictions and 2 Sell predictions.
However, we have a potential of -8.12% for Brookfield Corp. as the target price of 43 € is below the current price of 46.8 €.
