That's what this stock looks like. Div payout @ 150%. major debt to cash ratio. it's a conglomorate that holds interest in weak euro zone. How's it's stock price staying up so high????
I also own NLY and TWO. At the end of the day one has needs a diverse portfolio and BIP fits quite well. If one demands only a high dividend the universe of choices and ultimate returns will be limited.
At 26 you would probably find another reason not to buy.
BIP is a complex entity that institutions rather than individuals find attractive for it's yield and international exposure. Shares continue to be bought up here above the offering price of the new issue.