Brookfield Corporation (NYSE:BN) Plans $0.06 Quarterly Dividend

Brookfield Corporation (NYSE:BN) announced a quarterly dividend on Thursday, November 13th. Stockholders of record on Tuesday, December 16th will be given a dividend of 0.06 per share on Wednesday, December 31st. This represents a c) annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Tuesday, December 16th.

Brookfield has decreased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 2 years. Brookfield has a payout ratio of 5.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Brookfield to earn $4.69 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 5.1%.

Brookfield Price Performance

BN stock opened at $43.64 on Friday. The company has a market capitalization of $108.01 billion, a P/E ratio of 152.24 and a beta of 1.73. Brookfield has a 52-week low of $29.07 and a 52-week high of $49.47. The business has a 50-day simple moving average of $45.68 and a two-hundred day simple moving average of $42.76. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.18 and a current ratio of 1.29.

Brookfield Company Profile

Brookfield Corporation is an alternative asset manager and REIT/Real Estate Investment Manager firm focuses on real estate, renewable power, infrastructure and venture capital and private equity assets. It manages a range of public and private investment products and services for institutional and retail clients.