Much to the delight of its shareholders, the Spark Infrastructure Group (ASX: SKI) share price has climbed to an all-time high of $2.83 today.
This means the shares of the regulated electricity distribution-focused infrastructure fund have now risen 19% year-to-date.
This is despite the company posting a 14.1% drop in underlying profit before loan note interest and tax to $225.8 million in FY 2016.
Investors are likely to have been attracted to its growing distribution.
Spark's directors have confirmed that the company intends to pay a 15.25 cents per share distribution in FY 2017 and a 16 cents per share distribution in FY 2018.
But one leading broker clearly isn't a fan of the electricity distribution industry at present. A research note out of Macquarie last week revealed that its analysts have recommended selling AGL Energy Ltd (ASX: AGL) shares.
