Brookfield Infrastructure(NYSE:BIP)(NYSE:BIPC) has a long history of steadily expanding its operations. The company has grown its funds from operations (FFO) per share at a 15% compound annual rate since its inception in 2009. That has enabled it to consistently increase its dividend yield (which currently clocks in at around 3.7%) at a 10% annual rate.
Brookfield is about to enter its next expansionary phase, fueled by its pending acquisition ofInter Pipeline(TSX:IPL). The deal was one of the central themes of theinfrastructure company’ssecond-quarter shareholder letter. Here’s a closer look at why it’s so excited to bring that company into the fold.