Brookfield Corporation (NYSE:BN) Announces Quarterly Dividend of $0.06

Brookfield Corporation (NYSE:BN) announced a quarterly dividend on Thursday, November 13th. Investors of record on Tuesday, December 16th will be paid a dividend of 0.06 per share on Wednesday, December 31st. This represents a c) dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Tuesday, December 16th.

Brookfield has decreased its dividend by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 2 years. Brookfield has a dividend payout ratio of 5.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect Brookfield to earn $4.69 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 5.1%.

Brookfield Stock Down 6.9%

NYSE BN traded down $3.25 on Thursday, reaching $43.64. 10,210,806 shares of the stock traded hands, compared to its average volume of 3,829,640. Brookfield has a 12 month low of $29.07 and a 12 month high of $49.47. The company has a market cap of $108.01 billion, a price-to-earnings ratio of 152.24 and a beta of 1.73. The company has a fifty day moving average price of $45.69 and a 200-day moving average price of $42.75. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.18 and a current ratio of 1.29.

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.