Overview
Description
Brookfield Infrastructure Partners L.P. Preferred Stock 3.974% Perpetual is a type of preferred stock issued by Brookfield Infrastructure Partners, a leading global infrastructure company. This preferred stock pays a fixed dividend rate of 3.974% and does not have a maturity date, making it a perpetual security. Its primary function is to provide investors with a steady income stream through scheduled dividend payments, while offering potential stability within an investment portfolio. As perpetual preferred stock, it combines elements of both equity and debt, providing a fixed income-like investment while maintaining equity characteristics.
Brookfield Infrastructure Partners operates across various sectors including utilities, transport, energy, and communications infrastructure, and the issuance of this preferred stock supports the company's expansive financial strategies. The perpetual nature of the stock grants Brookfield Infrastructure Partners flexibility in capital management without the obligation of principal repayment, while it plays a prominent role in financing infrastructure development and expansion projects. This asset is significant for income-focused investors seeking lower volatility and prioritizes dividend income from a diversified portfolio of global infrastructure assets.
About
CEO
Employees
0
Address
73 Front Street
5th Floor
Hamilton, HM 12
5th Floor
Hamilton, HM 12
Phone
441-294-3309
Website
Instrument type
Preferred stock
Sector
Utilities
Industry
Utilities - Diversified
Country
Canada
MIC code
XTSE