On Monday, Brookfield Infrastructure Partners LP’s 5.00% Class A Preferred Limited Partnership Units, Series 14 (Symbol: BIP.PRB) yielded above 7.5%, with shares trading as low as $16.60. The quarterly dividend is annualized to $1.25. This yield is notably higher than the average of 7.07% in the “Utilities” preferred stock category.
As of the last close, BIP.PRB was trading at a 32.96% discount to its liquidation preference amount, compared to the average discount of 23.21% in the same category. Additionally, during Monday’s trading, BIP.PRB saw a decrease of about 0.9%, while the common shares (Symbol: BIP) rose approximately 0.1%.
