Why You Won't Want to Overlook This Top Dividend Stock's Supercharged Growth Catalyst

Core Viewpoint - Brookfield Infrastructure is well-positioned to capitalize on the digitalization megatrend, which is expected to drive significant growth in shareholder value and earnings over the coming years [2][4][8] Group 1: Growth Catalysts - The company has benefited from inflation-linked rate increases, volume growth, capital projects, and accretive acquisitions, allowing it to increase its dividend for 16 consecutive years, including a 6% increase planned for 2025 [1] - Brookfield Infrastructure is focusing on three megatrends: decarbonization, deglobalization, and digitalization, with digitalization expected to provide the most significant boost [3][4] Group 2: Digitalization Investment - The company has invested $3.6 billion in data centers and over$9 billion in data infrastructure, including fiber networks and telecom towers, to support the growing demand from technology companies [5] - Approximately 40% of the company's $8 billion capital project backlog consists of data infrastructure projects, which are anticipated to contribute meaningfully to earnings as they come online [6] Group 3: Future Growth Expectations - The company targets over 10% annual growth in funds from operations (FFO) per share, which is expected to support dividend growth of 5% to 9% annually [7][8] - The digitalization sector is projected to outpace other areas of the business, potentially becoming the largest sector within five years [6][7]