NYSE:BIPC - New York Stock Exchange, Inc. - CA11276H1064 - Common Stock - Currency: USD
Brookfield Infrastructure just added another cash-cow asset to its empire.
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My cash position has helped mute some of the impact of the recent major sell-off while providing me with capital to go on the offensive. Topping my list are Berkshire Hathaway (NYSE: BRK.B)(NYSE: BRK.A), Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL), and Brookfield Infrastructure (NYSE: BIPC)(NYSE: BIP). Warren Buffett's Berkshire Hathaway is a wealth-creating machine.
Brookfield Infrastructure (NYSE: BIPC)(NYSE: BIP) and its institutional partners have struck a $9 billion deal to acquire Colonial Enterprises. Colonial Enterprises owns a world-class midstream asset portfolio. The Colonial Pipeline is the crown jewel.
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After a brief rebound, the Nasdaq Composite (NASDAQINDEX: ^IXIC) has dipped back into correction territory on new tariffs and trade tension fears. Dividends can be a simple and effective way to collect passive income without worrying about what stock prices are doing. Here's why these three Motley Fool contributors think Brookfield Infrastructure (NYSE: BIP) (NYSE: BIPC), Target (NYSE: TGT), and the Global X MLP ETF (NYSEMKT: MLPA) stand out as top buys now for dividend investors.
These solid dividend stocks yielding up to 6.3% should be a solid addition to your portfolio right now.
It has delivered an impressive 9% compound annual dividend growth rate during that period. Fueling the company's dividend has been its ability to grow its business through organic investment and accretive acquisitions. One crucial factor supporting its ability to continue investing in growing its business is its smart capital recycling strategy.
The stock market has taken a little bit of a dip recently. The silver lining of sell-offs is that dividend yields rise when stock prices fall. Because of that, right now is a great time to lock in even higher yields on some top-notch dividend stocks.