Brookfield Corporation (NYSE:BN) Announces $0.07 Quarterly Dividend

Brookfield Corporation (NYSE:BNGet Free Report) declared a quarterly dividend on Thursday, August 13th. Shareholders of record on Monday, September 14th will be given a dividend of 0.07 per share on Tuesday, September 29th. This represents a c) dividend on an annualized basis 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%annually over the last three years and has increased its dividend every year for the last 2 years. Brookfield has a payout ratio of 6.3% meaning its dividend is sufficiently covered by earnings. Equities 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 Stock Up 0.8%

BN stock traded up $0.38 during mid-day trading on Thursday, reaching $45.07. The company had a trading volume of 4,719,866 shares, compared to its average volume of 5,209,926. The company has a market capitalization of $110.50 billion, a price-to-earnings ratio of 88.37 and a beta of 1.54. Brookfield has a 52 week low of $37.93 and a 52 week high of $49.56. The stock has a 50 day simple moving average of $43.64 and a two-hundred day simple moving average of $43.97. The company has a debt-to-equity ratio of 1.54, a current ratio of 1.32 and a quick ratio of 1.20.

Brookfield (NYSE:BNGet Free Report) last released its quarterly earnings data on Thursday, August 13th. The company reported $0.66 EPS for the quarter, beating the consensus estimate of $0.62 by $0.04. Brookfield had a return on equity of 3.86% and a net margin of 1.76%. As a group, equities analysts predict that Brookfield will post 2.99 earnings per share for the current fiscal 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.

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Dividend History for Brookfield (NYSE:BN)

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