Dividend Contenders List: Top 20 Stocks

6. Brookfield Infrastructure Partners L.P. (NYSE:BIP)

Dividend Yield as of January 22: 4.98%

On January 16, Scotiabank raised its price target on Brookfield Infrastructure Partners L.P. (NYSE:BIP) to $44 from $41 and maintained an Outperform rating. The update came as part of a broader refresh of price targets across the energy infrastructure names under the firm’s coverage.

The bank pointed to supportive industry trends, especially strong power demand and rising LNG exports, which are creating more investment opportunities. Those tailwinds have led Scotiabank to see an upward bias to its long-term estimates for the group.

Brookfield itself expects to grow funds from operations per share by more than 10% a year over the long run. Inflation-linked rate increases, rising volumes tied to global economic growth, ongoing capital projects, and acquisitions are all expected to contribute. The company has also positioned its portfolio to benefit from several large-scale trends, including demand tied to AI-related infrastructure. That backdrop supports its view that FFO per share could grow closer to 14% annually over the medium term.

That level of earnings growth underpins Brookfield’s dividend, which currently yields about 4.9%. Management expects to raise the payout by roughly 5% to 9% per year.

Brookfield Infrastructure Partners L.P. (NYSE:BIP) is a global infrastructure owner and operator with long-life assets spanning utilities, transport, midstream, and data infrastructure across the U.S., Asia Pacific, and Europe.