Brookfield Corporation (NYSE:BN) to Issue Quarterly Dividend of $0.07

Brookfield Corporation (NYSE:BNGet Free Report) announced a quarterly dividend on Wednesday, May 13th. Investors of record on Monday, June 15th will be given a dividend of 0.07 per share on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Monday, June 15th.

Brookfield has decreased its dividend payment by an average of 0.2%annually over the last three years and has increased its dividend annually for the last 2 consecutive years. Brookfield has a dividend payout ratio of 6.3% indicating that its dividend is sufficiently covered by earnings. Equities research 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%

Shares of Brookfield stock opened at $47.56 on Friday. 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 stock has a market capitalization of $116.56 billion, a price-to-earnings ratio of 96.41 and a beta of 1.55. Brookfield has a twelve month low of $37.54 and a twelve month high of $49.56. The business’s 50 day simple moving average is $42.73 and its 200-day simple moving average is $44.94.

Brookfield (NYSE:BNGet Free Report) last released its quarterly earnings results on Thursday, February 12th. The company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.61 by $0.06. The business had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.63 billion. Brookfield had a net margin of 1.74% and a return on equity of 3.90%. Equities research analysts forecast that Brookfield will post 2.94 earnings per share for the current year.

About Brookfield

(Get Free Report)

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.

Further Reading

Dividend History for Brookfield (NYSE:BN)

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