Brookfield Corporation (BN) To Go Ex-Dividend on September 12th

Brookfield Corporation (NYSE:BN) declared a quarterly dividend on Thursday, August 7th. Investors of record on Friday, September 12th will be paid a dividend of 0.09 per share on Monday, September 29th. This represents a c) annualized dividend and a yield of 0.5%. The ex-dividend date is Friday, September 12th.

Brookfield has a dividend payout ratio of 8.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect Brookfield to earn $4.69 per share next year, which means the company should continue to be able to cover its $0.36 annual dividend with an expected future payout ratio of 7.7%.

Brookfield Stock Down 0.6%

Shares of NYSE:BN opened at $66.25 on Wednesday. The company has a market capitalization of $109.25 billion, a price-to-earnings ratio of 154.07 and a beta of 1.73. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.29 and a quick ratio of 1.18. The business’s 50-day moving average is $65.57 and its 200-day moving average is $58.64. Brookfield has a 1 year low of $43.61 and a 1 year high of $68.75.

Brookfield shares are scheduled to split before the market opens on Friday, October 10th. The 3-2 split was announced on Thursday, August 7th. The newly created shares will be issued to shareholders after the closing bell on Thursday, October 9th.

Brookfield (NYSE:BN) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.88 earnings per share for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.01). Brookfield had a return on equity of 3.77% and a net margin of 1.11%.The firm had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.44 billion. Equities research analysts predict that Brookfield will post 3.85 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have commented on BN. Cowen reissued a “buy” rating on shares of Brookfield in a report on Friday, August 8th. The Goldman Sachs Group began coverage on Brookfield in a report on Tuesday, September 2nd. They issued a “buy” rating and a $78.00 target price for the company. BMO Capital Markets upped their target price on Brookfield from $66.00 to $69.00 and gave the company an “outperform” rating in a report on Friday, August 8th. Scotiabank upped their target price on Brookfield from $69.00 to $75.00 and gave the company an “outperform” rating in a report on Wednesday, July 30th. Finally, Wall Street Zen raised Brookfield from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Two investment analysts have rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $75.70.

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.