Brookfield Infrastructure's Stock Plunge: What's the Next Move?

Brookfield Infrastructure Partners (BIP) is a quality dividend stock that has experienced a downturn in its share price despite strong operating performance. Managed by Brookfield Asset Management, BIP holds a portfolio of high-quality, long-life assets in utilities, transport, midstream, and data segments across North and South America. The company has a history of distribution growth and has raised its distribution at an 8% compound annual growth rate over the past 10 years. BIP's assets have inflation-protection built into the contracts, and 90% of its debt is held at long-term fixed rates, providing a steady recurring income stream. The company sees growth opportunities in digitization, deglobalization, and decarbonization. With a strong credit rating, solid balance sheet, and attractive valuation, BIP is a compelling choice for investors.