Brookfield Corporation (NYSE:BN – Get Free Report) declared a quarterly dividend on Thursday, May 14th. Investors of record on Monday, June 15th will be paid a dividend of 0.07 per share on Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Monday, June 15th.
Brookfield has decreased its dividend payment by an average of 0.2%per year over the last three years and has raised its dividend annually for the last 2 consecutive years. Brookfield has a payout ratio of 6.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Brookfield to earn $3.93 per share next year, which means the company should continue to be able to cover its $0.28 annual dividend with an expected future payout ratio of 7.1%.
Brookfield Stock Up 5.5%
NYSE:BN traded up $2.47 on Thursday, reaching $47.56. The stock had a trading volume of 8,092,516 shares, compared to its average volume of 5,942,367. The company has a current ratio of 1.32, a quick ratio of 1.21 and a debt-to-equity ratio of 1.51. The company has a 50-day moving average of $42.64 and a 200 day moving average of $44.93. Brookfield has a 12-month low of $37.54 and a 12-month high of $49.56. The stock has a market cap of $116.56 billion, a P/E ratio of 96.41 and a beta of 1.55.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of BN. MCF Advisors LLC bought a new position in shares of Brookfield in the fourth quarter valued at approximately $26,000. Quattro Advisors LLC purchased a new position in Brookfield during the fourth quarter worth $26,000. Exchange Traded Concepts LLC acquired a new stake in shares of Brookfield in the fourth quarter valued at approximately $27,000. Truvestments Capital LLC raised its position in Brookfield by 49.9% in the fourth quarter. Truvestments Capital LLC now owns 640 shares of the company’s stock worth $29,000 after acquiring an additional 213 shares in the last quarter. Finally, Hilltop National Bank increased its position in shares of Brookfield by 49.9% in the fourth quarter. Hilltop National Bank now owns 724 shares of the company’s stock valued at $33,000 after buying an additional 241 shares in the last quarter. Institutional investors and hedge funds own 61.60% of the company’s stock.
About Brookfield
Brookfield Corporation (NYSE:BN) is a global alternative asset manager that specializes in real assets. The company invests in and operates businesses across real estate, infrastructure, renewable power and energy, private equity and credit. Its activities span both ownership and active management of physical assets as well as the operation of investment funds and vehicles that provide institutional and retail investors access to long‑lived, cash‑generating assets.
Brookfield’s services include asset management, direct investing, property development and the operation of infrastructure and energy businesses.
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