Brookfield Corporation (NYSE:BN) Raises Dividend to $0.07 Per Share

Brookfield Corporation (NYSE:BN) announced a quarterly dividend on Thursday, February 12th. Shareholders of record on Tuesday, March 17th will be paid a dividend of 0.07 per share on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Tuesday, March 17th. This is a 16.7% increase from Brookfield’s previous quarterly dividend of $0.06.

Brookfield has decreased its dividend payment by an average of 0.1%annually 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 Trading Up 2.1%

Shares of BN stock opened at $47.60 on Friday. The company has a current ratio of 1.31, a quick ratio of 1.19 and a debt-to-equity ratio of 1.54. Brookfield has a twelve month low of $29.07 and a twelve month high of $49.56. The company’s 50-day moving average price is $46.54 and its 200-day moving average price is $45.58. The stock has a market cap of $117.89 billion, a price-to-earnings ratio of 132.22 and a beta of 1.57.

Brookfield (NYSE:BN) last released its quarterly earnings data on Thursday, November 13th. The company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.02. The firm had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.58 billion. Brookfield had a net margin of 1.34% and a return on equity of 3.92%. As a group, equities analysts predict that Brookfield will post 3.85 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Morgan Stanley reiterated an “overweight” rating and issued a $58.00 price objective on shares of Brookfield in a report on Tuesday, January 27th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Brookfield in a research note on Monday, December 29th. Zacks Research raised Brookfield from a “strong sell” rating to a “hold” rating in a research report on Monday, January 19th. Royal Bank Of Canada set a $58.00 target price on shares of Brookfield and gave the stock an “outperform” rating in a research note on Monday, January 26th. Finally, TD Securities boosted their price target on shares of Brookfield from $57.00 to $59.00 and gave the company a “buy” rating in a research note on Friday, November 14th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $54.70.

Brookfield Company Profile

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.