Brookfield Co. (NYSE:BN) to Issue Quarterly Dividend of $0.08

Brookfield Co. (NYSE:BNGet Free Report) announced a quarterly dividend on Thursday, May 9th, Zacks reports. Shareholders of record on Thursday, June 13th will be paid a dividend of 0.08 per share on Friday, June 28th. This represents a $0.32 annualized dividend and a yield of 0.77%. The ex-dividend date is Thursday, June 13th.

Brookfield has decreased its dividend by an average of 16.4% per year over the last three years and has raised its dividend every year for the last 1 years. Brookfield has a dividend payout ratio of 7.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Brookfield to earn $4.65 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 6.9%.

Brookfield Trading Up 0.3 %

NYSE BN opened at $41.65 on Tuesday. The company has a current ratio of 1.17, a quick ratio of 1.02 and a debt-to-equity ratio of 1.35. Brookfield has a 1-year low of $28.84 and a 1-year high of $45.11. The firm has a market cap of $68.40 billion, a PE ratio of 68.28 and a beta of 1.51. The stock has a 50-day moving average of $42.01 and a 200-day moving average of $40.47.

Brookfield (NYSE:BNGet Free Report) last posted its earnings results on Thursday, May 9th. The company reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.13. The firm had revenue of $22.91 billion for the quarter. Brookfield had a return on equity of 3.15% and a net margin of 1.16%. During the same quarter last year, the company posted $0.72 EPS. As a group, sell-side analysts forecast that Brookfield will post 3.35 EPS for the current year.

Insiders Place Their Bets

In related news, Director Ocm Growth Holdings Llc sold 1,000,000 shares of the company’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $11.33, for a total transaction of $11,330,000.00. Following the sale, the director now directly owns 15,492,168 shares of the company’s stock, valued at approximately $175,526,263.44. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, Director Ocm Growth Holdings Llc sold 1,000,000 shares of the stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $11.33, for a total transaction of $11,330,000.00. Following the completion of the sale, the director now owns 15,492,168 shares in the company, valued at $175,526,263.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Oaktree Capital Group Holdings sold 7,131 shares of Brookfield stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $21.75, for a total transaction of $155,099.25. The disclosure for this sale can be found here. 11.00% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on BN. Scotiabank lowered their price target on Brookfield from $50.00 to $49.50 and set a “sector outperform” rating on the stock in a report on Friday, May 10th. Keefe, Bruyette & Woods restated a “market perform” rating and set a $46.00 price target (up previously from $45.00) on shares of Brookfield in a report on Friday, May 10th. Finally, Royal Bank of Canada decreased their target price on shares of Brookfield from $53.00 to $51.00 and set an “outperform” rating on the stock in a research report on Monday, April 29th. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Brookfield has a consensus rating of “Moderate Buy” and a consensus price target of $48.10.

Get Our Latest Stock Analysis on Brookfield

About Brookfield

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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.

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Dividend History for Brookfield (NYSE:BN)

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