Brookfield Co. (BN) to Issue Quarterly Dividend of $0.09 on March 31st

Brookfield Co. (NYSE:BN) announced a quarterly dividend on Thursday, February 13th,NASDAQ Dividends reports. Shareholders of record on Friday, March 14th will be paid a dividend of 0.09 per share on Monday, March 31st. This represents a $0.36 annualized dividend and a yield of 0.59%. The ex-dividend date of this dividend is Friday, March 14th.

Brookfield has decreased its dividend by an average of 14.9% per year over the last three years. Brookfield has a dividend payout ratio of 7.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect Brookfield to earn $4.09 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 7.8%.

Brookfield Stock Performance

Shares of BN opened at $60.88 on Friday. The business’s fifty day simple moving average is $58.44 and its two-hundred day simple moving average is $54.53. The company has a current ratio of 1.17, a quick ratio of 1.03 and a debt-to-equity ratio of 1.40. Brookfield has a 12 month low of $38.18 and a 12 month high of $62.78. The company has a market cap of $100.20 billion, a price-to-earnings ratio of 129.53 and a beta of 1.57.

Brookfield (NYSE:BN) last issued its earnings results on Thursday, February 13th. The company reported $1.01 EPS for the quarter, beating the consensus estimate of $0.88 by $0.13. Brookfield had a return on equity of 3.74% and a net margin of 1.00%. Research analysts anticipate that Brookfield will post 3.83 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Morgan Stanley assumed coverage on Brookfield in a research note on Thursday, January 23rd. They issued an “overweight” rating and a $80.00 price target on the stock. TD Securities raised their price target on Brookfield from $74.00 to $75.00 and gave the stock a “buy” rating in a research note on Tuesday. BMO Capital Markets restated an “outperform” rating and issued a $62.00 price target (up from $50.00) on shares of Brookfield in a research note on Friday, November 15th. CIBC raised their price target on Brookfield from $68.00 to $70.00 and gave the stock an “outperformer” rating in a research note on Thursday, January 23rd. Finally, Scotiabank raised their price target on Brookfield from $69.00 to $71.00 and gave the stock a “sector outperform” rating in a research note on Monday, February 3rd. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, Brookfield currently has a consensus rating of “Moderate Buy” and a consensus price target of $64.00.

About Brookfield

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.