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Stock impact report

Should You Buy This TSX Dividend Stock for its 4.6% Dividend Yield? [Yahoo! Finance Canada]

Brookfield Infrastructure Partners LP Class A Subordinate Voting Shares (BIPC) 
Valued at a market cap of US$4.15 billion, Brookfield Infrastructure TSX:BIP.UN ) stock is trading 31% below its all-time highs. Despite the ongoing pullback, the TSX stock has returned 500% to shareholders since its initial public offering in late 2009. If we adjust for dividend reinvestments, cumulative returns are closer to 1,120%. The drawdown in BIP stock has raised its dividend yield to 4.6%, making it attractive to value and income investors. So, let's see if you should buy this TSX dividend stock for its 4.6% dividend yield. Should you own this blue-chip TSX dividend stock? Brookfield Infrastructure delivered a solid performance in 2024, showcasing the resilience of its globally diversified portfolio amid a challenging macroeconomic environment. In 2024, it generated funds from operations (FFO) of US$3.12 per unit, indicating a 6% year-over-year growth. The infrastructure giant continues to deploy its capital recycling strategy effectively, securing US$2 billion in pr Show less Read more
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