Brookfield Corporation (NYSE:BN – Get Free Report) declared a quarterly dividend on Thursday, November 12th. Stockholders of record on Wednesday, December 16th will be paid a dividend of $0.07 per share on Thursday, December 31st. This represents a $0.28 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Wednesday, December 16th.
Brookfield has decreased its dividend payment by an average of 0.2% annually 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 $3.64 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 7.7%.
Brookfield Stock Performance
Shares of BN stock traded down $0.65 during mid-day trading on Friday, reaching $40.99. 829,363 shares of the company’s stock traded hands, compared to its average volume of 5,098,271. Brookfield has a 12 month low of $35.61 and a 12 month high of $49.56. The firm has a 50 day moving average price of $38.33 and a two-hundred day moving average price of $42.36. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.22 and a current ratio of 1.34. The firm has a market capitalization of $100.53 billion, a PE ratio of 74.53 and a beta of 1.53.
Brookfield (NYSE:BN – Get Free Report) last released its earnings results on Thursday, November 12th. The company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.05. Brookfield had a return on equity of 3.93% and a net margin of 1.85%. The company had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.87 billion. On average, research analysts forecast that Brookfield will post 2.88 EPS for the current year.
Brookfield Company Profile
Brookfield Corporation is a global investment and operating company focused on owning and managing businesses and assets in sectors including renewable power, infrastructure, real estate, private equity and credit. It invests directly and through its asset management business, Brookfield Asset Management, which serves institutional and individual investors. The company’s operations and investments span multiple regions, including North America, South America, Europe and Asia-Pacific. Its portfolio includes renewable energy facilities, transportation and utility infrastructure, commercial and residential real estate, and businesses in a range of industries.
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