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Dividends offer a low-cost way for shareholders to create a passive-income stream. You need to identify stocks with a high, safe, and growing dividend yield, which inevitably translates into market-beating gains.
In the last two decades, the Dow Jones Industrial Average Index has returned close to 500% after adjusting for dividends, outpacing inflation comfortably. But there is another TSX dividend stock that has beaten the Dow Jones by a wide margin.
Brookfield Infrastructure Partners (TSX:BIP.UN) went public in 2010 and has since returned 1,240% to shareholders in dividend-adjusted gains. Despite these stellar returns, BIP stock is down 25% from all-time highs and offers shareholders a yield of over 5%.
While Brookfield Infrastructure isn’t a household name, it owns and operates a portfolio of cash-generating assets across verticals such as clean energy, transportation, midstream, and utilities.
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