Brookfield Corporation (BN) to Issue Quarterly Dividend of $0.07 on September 29th

Brookfield Corporation (NYSE:BN) declared a quarterly dividend on Wednesday, August 12th. Investors of record on Monday, September 14th will be given a dividend of 0.07 per share on Tuesday, September 29th. This represents a c) annualized dividend and a yield of 0.6%. The ex-dividend date is Monday, September 14th.

Brookfield has decreased its dividend payment by an average of 0.2%per year over the last three years and has raised its dividend every year for the last 2 years. Brookfield has a dividend payout ratio of 6.3% indicating that its dividend is sufficiently covered by earnings. Equities 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 Performance

Shares of BN opened at $45.07 on Friday. The company has a market cap of $110.50 billion, a price-to-earnings ratio of 88.37 and a beta of 1.54. The business’s fifty day simple moving average is $43.64 and its two-hundred day simple moving average is $43.95. Brookfield has a 12 month low of $37.93 and a 12 month high of $49.56. The company has a current ratio of 1.32, a quick ratio of 1.20 and a debt-to-equity ratio of 1.54.

Institutional Investors Weigh In On Brookfield

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Shelter Mutual Insurance Co purchased a new position in shares of Brookfield in the second quarter worth approximately $3,586,000. Madison Asset Management LLC purchased a new stake in Brookfield during the second quarter valued at approximately $55,655,000. Trust Co. of Vermont purchased a new stake in Brookfield during the second quarter valued at approximately $1,805,000. Hikari Power Ltd bought a new position in Brookfield in the second quarter worth approximately $262,000. Finally, Plato Investment Management Ltd purchased a new position in shares of Brookfield during the 2nd quarter worth $212,000. Hedge funds and other institutional investors own 61.60% of the company’s stock.

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.