MADDEN SECURITIES Corp Has $2.03 Million Stock Position in Brookfield Infrastructure Co. (NASDAQ:BIPC)

MADDEN SECURITIES Corp lessened its holdings in Brookfield Infrastructure Co. (NASDAQ:BIPC) by 3.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 50,677 shares of the company’s stock after selling 1,900 shares during the period. MADDEN SECURITIES Corp’s holdings in Brookfield Infrastructure were worth $2,028,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Covestor Ltd raised its holdings in Brookfield Infrastructure by 64.0% during the third quarter. Covestor Ltd now owns 3,405 shares of the company’s stock valued at $148,000 after buying an additional 1,329 shares in the last quarter. Toth Financial Advisory Corp raised its stake in shares of Brookfield Infrastructure by 111.6% in the 3rd quarter. Toth Financial Advisory Corp now owns 3,602 shares of the company’s stock valued at $156,000 after acquiring an additional 1,900 shares in the last quarter. Signaturefd LLC lifted its holdings in Brookfield Infrastructure by 9.8% in the 3rd quarter. Signaturefd LLC now owns 4,078 shares of the company’s stock worth $177,000 after purchasing an additional 363 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in Brookfield Infrastructure by 6.6% during the fourth quarter. Janney Montgomery Scott LLC now owns 5,057 shares of the company’s stock worth $202,000 after purchasing an additional 312 shares during the period. Finally, M&T Bank Corp acquired a new position in Brookfield Infrastructure during the third quarter valued at approximately $204,000. 70.38% of the stock is currently owned by institutional investors.

Brookfield Infrastructure Stock Down 0.7 %

NASDAQ:BIPC opened at $41.15 on Tuesday. The company’s 50 day moving average is $40.55 and its 200-day moving average is $41.04. The firm has a market cap of $4.90 billion, a price-to-earnings ratio of 28.58 and a beta of 1.48. Brookfield Infrastructure Co. has a 12 month low of $28.47 and a 12 month high of $45.29.

Brookfield Infrastructure Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 28th will be given a dividend of $0.43 per share. This is a positive change from Brookfield Infrastructure’s previous quarterly dividend of $0.41. The ex-dividend date is Friday, February 28th. This represents a $1.72 dividend on an annualized basis and a yield of 4.18%. Brookfield Infrastructure’s payout ratio is currently 119.44%.

Brookfield Infrastructure Company Profile

Brookfield Infrastructure Corporation, together with its subsidiaries, owns and operates regulated natural gas transmission systems in Brazil. The company also engages in the regulated gas and electricity distribution operations in the United Kingdom; and electricity transmission and distribution, as well as gas distribution in Australia.