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BIP Investment Corporation Announces Preferred Shareholder Meeting for Early Redemption of Preferred Shares
GlobeNewswire News Room· 2024-10-24 20:34
Core Viewpoint - BIP Investment Corporation is seeking approval from Preferred Shareholders for a special resolution to redeem Preferred Shares at an enhanced price of C$26.75 per share, with a special meeting scheduled for November 27, 2024 [3][4]. Group 1: Meeting Details - A special meeting for holders of senior preferred shares will be held virtually on November 27, 2024, at 10:00 a.m. Eastern time [1]. - Preferred Shareholders of record as of market close on October 25, 2024, will be entitled to vote at the meeting [4][5]. - The Special Resolution requires an affirmative vote of 66 2/3% of the votes cast at the meeting [4]. Group 2: Redemption and Dividend Information - If the Special Resolution is approved, BIPIC intends to redeem all outstanding Preferred Shares for C$26.75 each [3]. - BIPIC plans to declare a quarterly dividend of C$0.4671875 per Preferred Share for Q4 2024, payable prior to the redemption [4]. - The Q4 2024 Dividend will be deemed a capital gains dividend and will be paid to Preferred Shareholders of record as of November 29, 2024, in addition to the Enhanced Redemption Price [4]. Group 3: Company Overview - Brookfield Infrastructure is a leading global infrastructure company focused on high-quality, long-life assets in utilities, transport, midstream, and data sectors across various regions [6]. - The company operates under Brookfield Asset Management, which manages approximately US$1 trillion in assets [6].
Combined High-Yield Portfolio For Sustained Income Growth
Seeking Alpha· 2024-10-17 16:46
I am an avid reader of Seeking Alpha and thoroughly enjoy the vast scope of expertise and perspectives. I enjoy the continuous learning and refining my own investment approach. I am passionate about the accumulation of assets producing aggressive and growing I am an Industrial Engineer by profession and have deep experience with a wide variety of financial instruments. I have tested various approaches over the years to shape an effective and sustainable investment approach. I believe in a long term investme ...
My Top AI Growth Stock to Buy in October
The Motley Fool· 2024-10-01 11:16
AI is proving to be a major growth accelerant for Brookfield Infrastructure. Brookfield Infrastructure (BIPC 0.09%) (BIP -0.43%) isn't the most prominent name when it comes to the artificial intelligence (AI) megatrend. It hasn't developed a popular AI chatbot or the specialized semiconductor chips needed to power AI applications. However, the technology simply can't thrive without companies like Brookfield Infrastructure. It provides the backbone energy and digital infrastructure required to power AI appli ...
Why Brookfield Infrastructure Partners (BIP) is a Top Dividend Stock for Your Portfolio
ZACKS· 2024-09-30 16:51
Whether it's through stocks, bonds, ETFs, or other types of securities, all investors love seeing their portfolios score big returns. However, when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments. While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yi ...
3 Top Stocks to Buy to Cash In on the AI-Fueled Digital Revolution
The Motley Fool· 2024-09-30 09:04
AI requires power and data to thrive. Artificial intelligence (AI) is one of the biggest investing megatrends in a generation. The technology requires a tremendous amount of computing power. That's driving the need for more data centers. Those facilities demand an enormous amount of electricity, especially when running AI applications. This trend plays right into the hands of companies that build and operate infrastructure for data and energy. Three leaders are Brookfield Infrastructure (BIPC 0.88%) (BIP 0. ...
A Historic Buying Opportunity: This Top Dividend Stock Is a Screaming Bargain Right Now.
The Motley Fool· 2024-09-29 11:43
Brookfield Infrastructure is an extremely compelling long-term investment opportunity these days. Brookfield Infrastructure (BIPC 0.88%) (BIP 0.48%) has been a great dividend stock since its formation 15 years ago. The global infrastructure operator has increased its payout every year, growing it at a robust 9% compound annual rate. That has given it the fuel to create tremendous value for investors over the years, with early shareholders earning a 6.6x return on their initial investment. Many investors wou ...
2 Sectors Investors Should Buy Now That Rate Cuts Are In
MarketBeat· 2024-09-23 14:22
Every time the Federal Reserve (the Fed) cuts interest rates, investors tend to flock to the sectors they believe will outperform the most due to historical reactions and fundamental reasoning. However, this rate cut is a bit different than the ones experienced in the recent past, as the United States economy is more globalized and a bit slower than before. This will be a different case study, one in which rising credit card delinquency rates and spiking car repossessions will place a headwind in the consum ...
Some Of The Best Dividend Stocks To Buy Now, Wall Street Pro Style
Seeking Alpha· 2024-09-23 11:30
Join iREIT on Alpha today to get the most in-depth research that includes REITs, mREITs, Preferreds, BDCs, MLPs, ETFs, and other income alternatives. 438 testimonials and most are 5 stars. Nothing to lose with our FREE 2-week trial . At least, it seems to be that way, as U.S. stocks have hit news records, commodities are surging again, and bond market volatility is easing. Analyst's Disclosure: I/we have a beneficial long position in the shares of NOC either through stock ownership, options, or other deriva ...
Consider These 2 Picks For Retirement Income
Seeking Alpha· 2024-09-06 09:08
Core Investment Strategy - Many investors focus on both attractive yield and growth in income and portfolio appreciation, especially those not yet in retirement or in early retirement years [1] - The Schwab US Dividend Equity ETF (SCHD) tracks 103 blue-chip companies with a 3-year dividend growth rate of 8% and a current yield of approximately 3.4% [1] - Current macro and interest rate environments make high-yield defensive businesses more attractive, complicating the rationale for investing in dividend growth strategies like SCHD [1] Investment Pick 1: Enbridge (ENB) - Enbridge operates in the midstream space, with 98% of its EBITDA from cost of service contracts, providing price stability and insulation from commodity cycle risks [2] - ENB offers a dividend yield of approximately 6.6%, which is 320 basis points higher than SCHD's yield [2] - The company has a CapEx pipeline of around $21 billion, representing nearly 25% of its market cap, and aims for annual EBITDA growth of 7% to 9% through 2026 [2] - ENB's credit rating was upgraded to A low by DBRS, and S&P removed the negative outlook from its BBB+ rating, indicating a solid balance sheet [2] Investment Pick 2: Brookfield Infrastructure Partners (BIP) - BIP focuses on infrastructure investments with a risk-averse buy and hold strategy, generating around 70% of its FFO from the Americas [3] - The company targets annual distribution growth of 5-9%, with nearly 80% of its FFO linked to CPI escalators [3] - In Q2 2024, BIP achieved a 10% year-over-year increase in FFO and identified a CapEx agenda of approximately $7.7 billion [3] - BIP has a strong investment-grade credit rating and no corporate debt maturities until 2027, reducing refinancing risk [3] Conclusion - Selecting individual businesses like Enbridge and Brookfield Infrastructure Partners can provide retirement investors with higher yields and a clear growth trajectory compared to traditional blue-chip dividend growth strategies [4]
If I Could Only Buy 1 Dividend Stock in September, This Would Be My Top Choice
The Motley Fool· 2024-09-02 10:11
Brookfield Infrastructure is a wealth-creating and income-producing machine. I buy a lot of dividend stocks. I focus on dividends because they have proven to be powerful wealth creators. Over the past 50 years, dividend payers have outperformed the average stock in the S&P 500 -- their 9.2% average annual total return beats the 7.7% produced by an equal-weighted S&P 500 index. Dividend growers and initiators have done most of the heavy lifting, posting a 10.2% annual return compared to 6.7% for companies wi ...