Published on 25 Aug 2023 on Simply Wall St. via Yahoo Finance

Brookfield Infrastructure (NYSE:BIPC) Could Be A Buy For Its Upcoming Dividend

Readers hoping to buy Brookfield Infrastructure Corporation (NYSE:BIPC) for its dividend will need to make their move shortly, as the stock is about to trade ex-dividend. The ex-dividend date is usually set to be one business day before the record date which is the cut-off date on which you must be present on the company's books as a shareholder in order to receive the dividend. The ex-dividend date is an important date to be aware of as any purchase of the stock made on or after this date might mean a late settlement that doesn't show on the record date. In other words, investors can purchase Brookfield Infrastructure's shares before the 30th of August in order to be eligible for the dividend, which will be paid on the 29th of September.

The company's upcoming dividend is US$0.38 a share, following on from the last 12 months, when the company distributed a total of US$1.53 per share to shareholders. Based on the last year's worth of payments, Brookfield Infrastructure has a trailing yield of 4.0% on the current stock price of $38.37. Dividends are a major contributor to investment returns for long term holders, but only if the dividend continues to be paid. So we need to check whether the dividend payments are covered, and if earnings are growing.

See our latest analysis for Brookfield Infrastructure