Brookfield Infrastructure Unveils 10%+ FFO Growth by 2025, Boosts Dividend
Brookfield Infrastructure, a leading global investor, has announced a significant growth trajectory. The company, which focuses on digitalization, decarbonization, and deglobalization megatrends, is set to increase its dividend by 5% to 9% annually. This follows a $5.9 billion backlog of data infrastructure capital projects, expected to be completed in the next two to three years.
Brookfield Infrastructure's parent company, Brookfield Asset Management, boasts an impressive $1 trillion in assets under management, operating in over 50 countries across five verticals. The company is not alone in its dividend growth; Enbridge, a leading energy infrastructure company, has increased its dividend for 30 years, currently offering a 5.5% yield.
Looking ahead, Brookfield Infrastructure expects to deliver more than 10% annual funds from operations (FFO) per share growth by 2025 and beyond. This growth is supported by a strategic acquisition plan, including interests in a U.S. refined products pipeline system, a U.S. bulk fiber network provider, and a North American railcar leasing portfolio. These acquisitions, planned for 2025, aim to strengthen the company's capital. Meanwhile, Brookfield Asset Management targets to more than double its fee-bearing capital base to $1.2 trillion by 2030.
Brookfield Infrastructure's robust pipeline of projects and acquisitions, coupled with its parent company's extensive global reach, positions the company for significant growth. With Enbridge's evolution towards clean energy investments, the infrastructure sector continues to adapt to changing needs, offering promising prospects for investors.
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