S&P/ASX 200 Index (ASX: XJO) stock Dalrymple Bay Infrastructure Ltd (ASX: DBI) is marching higher today.
Shares in the infrastructure company – which owns the Dalrymple Bay Coal Terminal (DBCT) in Queensland – closed yesterday trading for $5.33. In morning trade on Wednesday, shares are swapping hands for $5.52 apiece, up 3.6%.
This sees the company commanding a market cap of $2.7 billion, and once more outperforming the benchmark index.
Indeed, at time of writing, the ASX 200 is down 0.6%, taking its one-year gains down to 2.5%.
Over this same time, Dalrymple Bay shares have gained 34.6%. And that's not including dividends. Unlike many dividend shares, the ASX 200 stock makes quarterly payments. It currently trades on a partly franked 4.5% trailing dividend yield.
Here's what's catching investor interest today.
Image source: Getty Images
ASX 200 stock jumps on passive income boost
Investors are bidding up Dalrymple Bay shares after the company announced a first-quarter (Q1 FY 2026) dividend of 6.75 cents per share. That's up 14.4% from the Q1 2025 payout.
The ASX 200 stock also looks to be getting a boost after management increased dividend guidance for FY 2026/27 by 8.5%. The company now expects to pay out 28.62 cents a share in dividends for the full year.
The increased payout is supported by an 8.1% increase in Dalrymple's forecast Terminal Infrastructure Charge to around $4.02 per tonne.
And passive income investors will have been pleased at the company's reaffirmation of its annual dividend growth target of 3% to 7% "for the foreseeable future".
Dalrymple Bay Annual General Meeting
The ASX 200 stock is also hosting its Annual General Meeting (AGM) today.
"With a low-risk business model and predictable cashflows, DBI is well positioned to deliver growing distributions and sustainable long-term value", Dalrymple Bay chairman David Hamill noted.
Taking a look back at the company's achievements in FY 2025, Dalrymple Bay CEO Michael Riches noted that the company managed to grow revenue, profits, and dividends "whilst maintaining a safe workplace".
Digging into the numbers, Riches said:
EBITDA [earnings before interest, taxes, depreciation and amortisation] rose 5.2% year-on-year to $294.3 million and our funds from operations, or FFO, increased 10.6% to $173.3 million…
We continued to invest back into the growth of our business, with committed capital projects at 31 December 2025 of approximately $429.6 million…
The strong financial performance resulted in a distribution of 24.625 cents per security being returned to securityholders during FY-25, an 11.9% increase on the prior year.
