In trading on Monday, Brookfield Infrastructure Partners LP’s 5.00% Class A Preferred Limited Partnership Units, Series 14 (Symbol: BIP.PRB) yielded over 7.5% based on its quarterly dividend of $1.25, with shares dropping to as low as $16.60. This yield surpasses the average of 7.04% in the “Utilities” preferred stock category, as reported by Preferred Stock Channel. Additionally, BIP.PRB traded at a significant 32.24% discount to its liquidation preference amount, compared to the industry average discount of 24.42%.
As of the last close, BIP.PRB’s performance showcases its competitive positioning within the utility sector, evidencing the potential for investors amid current market conditions.
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