Meet the perfect stock for investors who want a relatively high yield coupled with a rapid pace of growth.
Investors looking for ways to pad their passive income stream with dividend stocks typically have two basic options. You can choose dividend payers that offer high yields, but these stocks tend to raise their payouts slowly, if at all. On the other hand, you could buy shares of businesses expected to raise their payouts quickly. Unfortunately, rapid payout raisers tend to offer yields that are less than the risk-free interest rate you can receive from a basic savings account.
If you're not excited about low-yield payout growers or risky high-yield stocks, I've got good news. Brookfield Infrastructure ( BIPC 0.32% ) is a highly reliable dividend grower that offers a juicy 4.3