Brookfield Corporation (NYSE:BN – Get Free Report) announced a quarterly dividend on Thursday, August 13th. Investors of record on Monday, September 14th will be paid a dividend of 0.07 per share on Tuesday, September 29th. This represents a c) annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Monday, September 14th.
Brookfield has decreased its dividend 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 dividend payout ratio of 6.3% meaning its dividend is sufficiently covered by earnings. Research analysts expect Brookfield to earn $3.94 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 Trading Up 0.8%
Brookfield stock traded up $0.38 during mid-day trading on Thursday, hitting $45.07. 4,719,866 shares of the company’s stock were exchanged, compared to its average volume of 5,209,926. The company’s 50 day simple moving average is $43.64 and its 200-day simple moving average is $43.97. The company has a quick ratio of 1.20, a current ratio of 1.32 and a debt-to-equity ratio of 1.54. The firm has a market capitalization of $110.50 billion, a P/E ratio of 88.37 and a beta of 1.54. Brookfield has a fifty-two week low of $37.93 and a fifty-two week high of $49.56.
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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