2348 GMT - Growth in Dalrymple Bay Infrastructure's dividend should accelerate with higher inflation and bond rates, says Macquarie, which reckons there could be upside to the expected 2027 payout. Non-expansion capital expenditure is expected to step up by about A$300 million in terminal infrastructure charge year 2027-28, the bank says. "This should enable dividend growth materially above the 3-7% range," it says. Macquarie expects the company will bring its payout back to 75% to provide some flexibility. "Upside is if it stays at 80%," Macquarie says. The bank keeps an outperform rating on the stock and raises its target to A$5.48/share from A$5.39. Shares ended Wednesday at A$5.49. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)

(END) Dow Jones Newswires

May 20, 2026 19:48 ET (23:48 GMT)

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