Brookfield Infrastructure acquires Colonial Pipeline for $9 billion to support high-yielding dividend.

From Nasdaq: 2025-04-05 04:19:00

Brookfield Infrastructure and partners acquire Colonial Enterprises in a $9 billion deal for the Colonial Pipeline, a major refined products system. This investment will support Brookfield’s high-yielding dividend. The pipeline, spanning 5,500 miles from Texas to New York, transports 100 million gallons of fuel daily. Brookfield is financing the acquisition through capital recycling initiatives, expecting to raise $5-6 billion from asset sales. The company aims for 5-6% annual dividend growth and anticipates a 6-9% increase in funds from operations annually. Expect more growth opportunities as Brookfield remains active in deploying capital.



Read more at Nasdaq: This Top Dividend Stock’s $9 Billion Acquisition Will Give It More Fuel to Grow Its High-Yielding Payout