The next very overrated big dividend stock we're going to discuss is a Dividend King: Altria. The reason we think Altria is very overrated is simply because, while its 8.4% dividend yield is quite attractive, its payout ratio is now at 80%, which means that it is not heavily covered, especially when you consider the fact that Altria is having to invest aggressively to try to diversify its business away from its core smokable products business that is rapidly declining to try to reignite the growth engine. T ...

Brookfield Infrastructure is an income-producing machine. I'm an avid income investor. I focus a lot of my attention on finding companies that can supply me with an above-average, steadily rising income stream. Investing in high-quality, high-yielding dividend stocks is the foundation of my strategy to grow my passive income streams to the point where they'll cover my recurring expenses. Brookfield Infrastructure (BIP 0.83%) (BIPC -0.76%) is one of my favorite income stocks. I'm routinely adding to my posit ...

All amounts in U.S. dollars BROOKFIELD, NEWS, May 31, 2024 (GLOBE NEWSWIRE) -- Brookfield Infrastructure Partners L.P. (NYSE:BIP, TSX:BIP) ("Brookfield Infrastructure") today announced the closing of a public offering of $150 million of fixed rate subordinated notes due May 31, 2084 (the "notes"). The issuer of the notes has granted the underwriters an over-allotment option, exercisable in whole or in part for a period of 30 days from the date of the pricing of the offering, to purchase up to an additional ...

Energy infrastructure companies believe their investments in natural gas storage assets will pay big dividends. Natural gas storage plays a vital role in the energy sector. Gas storage facilities help balance natural gas demand between seasons and during periods of disruption from storms and other factors. Despite their importance, investors often overlook these assets. As a result, many investors haven't noticed all the activity in the natural gas storage market over the past few years. Leading infrastruct ...

These high-quality companies are often great buys during a sell-off.The stock market has been red-hot over the past year. The S&P 500 surged more than 25%, while the Nasdaq's value soared by about 33%. At some point, the market will take a breather. Market sell-offs are often ideal times to buy high-quality companies at great prices. NextEra Energy (NEE -1.06%) and Brookfield Infrastructure (BIP 0.23%) (BIPC -0.69%) will probably fall during the next market slump. That would be a great opportunity to scoop ...

财务数据和关键指标变化 - 公司在2024年第一季度实现了资金运营(FFO)6.15亿美元,同比增长11%,其中包括7%的有机增长以及去年下半年部署超过20亿美元资本带来的贡献 [5] - 公用事业板块FFO为1.9亿美元,同比下降9%,主要由于过去12个月完成的资本回收举措,但剔除资产出售和融资的影响,该板块有8%的有机增长 [6] - 运输板块FFO为3.02亿美元,同比增长57%,主要归功于Triton的收购,其表现远超预期,地缘政治事件导致某些航运贸易路线延长,从而增加了全球集装箱需求 [7][8] - 管线板块FFO为1.7亿美元,与去年同期持平,受益于客户活动水平和对关键管线资产的需求强劲 [10][11] - 数据板块FFO为0.68亿美元,与去年同期持平,受益于德国电信铁塔业务的全面贡献以及两个超大型数据中心平台收购,但被出售新西兰综合数据分销业务所抵消 [12][13] 各条业务线数据和关键指标变化 - 公用事业板块有8%的有机增长,主要来自于通胀指数调整和过去12个月投入4.5亿美元资本的投产 [6] - 运输板块中,铁路网络和收费公路实现了9%和7%的平均费率上涨,反映了通胀指数调整的好处,公路交通量增加4%,多元化码头业务量增加7% [9] - 管线板块的北美天然气储存业务的基本面持续改善,过去5年EBITDA年复合增长率超过20% [10][11] - 数据板块的全球数据中心平台正在获得主要超大型客户的大量活动,已经预订但未建成的容量约为670兆瓦,预计未来3年内投产 [14] 各个市场数据和关键指标变化 - 地缘政治事件导致中东某些航运贸易路线延长,从而增加了全球集装箱需求,Triton的集装箱利用率提高至98%以上 [7][8] - 巴西监管天然气输送业务完成16亿美元融资,为公司带来5亿美元资金,利用巴西强劲的优质发行人需求和较低的杠杆水平 [26] 公司战略和发展方向及行业竞争 - 公司正在积极推进资本回收计划,已完成12亿美元,其中11亿美元已经完成,为实现20亿美元的年度目标奠定了基础 [23][24][25] - 公司正在重点关注有机增长和小型并购机会,因为这些通常是最高回报的投资 [27][28] - 公司正在积极筛选一个大型并购机会管线,预计将于今年第四季度完成,总股权对价为10亿美元,公司份额约为1.5亿美元 [28] - 公司正在关注数据和减碳领域的投资机会,这些领域占到新投资机会的75%-80% [39][40] - 公司认为基础设施资产将继续吸引全球机构投资者的广泛兴趣,作为投资组合的稳定来源 [31][32] - 公司的全球多元化布局是其竞争优势,使其能够在不同经济条件下买卖有吸引力的资产 [35] 管理层对经营环境和未来前景的评论 - 尽管宏观经济前景长期积极,但公司预计未来几个季度可能会出现一些波动,因为利率环境趋于平稳或下降,以及欧洲和中东的地缘政治局势仍未解决 [29][30] - 但公司认为,基础设施资产将继续吸引全球机构投资者的广泛兴趣,作为投资组合的稳定来源 [31][32] - 公司相信,其强劲的业务表现和战略前景将超越短期利率环境的任何因素 [33][34] 问答环节重要的提问和回答 问题1 **Cherilyn Radbourne 提问** 公司业务与减碳和数字化趋势的关联程度如何,未来5年这方面的占比会如何变化 [38][39][40][41][42] **Sam Pollock 和 David Krant 回答** - 目前公司约30%的FFO来自于住宅减碳和数据板块 [41] - 但在公司的资本项目backlog中,这两个领域占到80% [41] - 未来这些领域的现金流占比将会显著提高 [42] 问题2 **Devin Dodge 提问** 公司在Intel半导体项目中的资本开支backlog有所增加,是否存在成本上升的风险 [50][51][52] **Sam Pollock 和 Ben Vaughan 回答** - backlog增加主要是因为Flagship基金最终认缴规模增加,公司持股比例从25%增加到25.5% [51] - 不存在由于成本上升而导致backlog增加的情况 [52] - 项目进展仍然符合之前的预期 [52] 问题3 **Robert Kwan 提问** 公司在M&A市场上的选择性更强,是否意味着公司面临资本约束 [57][58][59][60][61] **Sam Pollock 回答** - 公司并非面临资本约束,而是希望保留一些资本以应对未来可能出现的更有吸引力的机会 [58][59] - 公司仍在积极部署资本,但在当前环境下更加谨慎和选择性,瞄准15%-20%的风险调整后收益率 [60][61]

Q1 SUPPLEMENTAL INFORMATION Factors that could cause actual results to differ materially from those contemplated or implied by forward-looking statements include: general economic and financial conditions in the countries in which we do business which may impact market demand for our products and services, foreign currency risk, the level of government regulation affecting our businesses, the outcome and timing of various regulatory, legal and contractual issues, global credit and financial markets, the com ...

Transportation stocks may not be the flashiest investment, but in today’s economy, they tend to be stabler and more reliable than high-flying growth stocks. Still, pinning down top transportation stocks to buy is tricky. Err on the side of caution, and your investment may flatline indefinitely; swing the other direction, and your capital could crash faster than a car hitting a massive pothole.Generally, I’d recommend against highly regulated transportation stock sectors like airlines and rail companies. The ...

公司概况 - Brookfield Infrastructure Partners (BIP)是一家具有国际化特点、多元化投资组合、弹性FFO和低FFO派息比率的有前景的 passsive income 投资[1] - BIP拥有长期FFO可见性的重点是拥有和运营受监管的基础设施资产，过去十年公司实现了令人印象深刻的分配增长[2] - BIP的FFO倍数较低，考虑到其价值主张的强度，提供了6%的覆盖收益率，BIP的单位是值得购买的[3]

公司债券同意征集 - 公司成功完成了关于5.875%优先担保债券的同意征集，获得了超过50%的债券持有人同意[2] - 公司将支付每1000美元债券本金1美元的同意费用，预计将在2024年4月10日左右支付[3] - 公司与BNP Paribas Securities Corp.和Wells Fargo Securities, LLC合作进行同意征集，D.F. King & Co., Inc.担任信息代理和计票代理[4]