Spark Infrastructure

Those frustrated by the recent batch of broker-sponsored income securities should consider Spark Infrastructure. Annual revenue (Spark has a calendar year end) from the company’s three underlying assets increased 6.6% to $1.98bn, with underlying profit increasing 7.1% to $1.18bn. Spark’s board declared a final unfranked distribution of 5.25 cents (ex date passed), which was down from 6.82 cents a year earlier but up from initial guidance of 4.75 cents. The distribution in 2012 is expected to increase to 10.5 cents, up from 10.0 cents in 2011, following some favourable regulatory outcomes. A 25% increase in capital expenditure to $845m...

Those frustrated by the recent batch of broker-sponsored income securities should consider Spark Infrastructure. Annual revenue (Spark has a calendar year end) from the company’s three underlying assets increased 6.6% to $1.98bn, with underlying profit increasing 7.1% to $1.18bn. Spark’s board declared a final unfranked distribution of 5.25 cents (ex date passed), which was down from 6.82 cents a year earlier but up from initial guidance of 4.75 cents.

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