Brookfield Corporation (NYSE:BN) Announces Dividend Increase – $0.07 Per Share

Brookfield Corporation (NYSE:BN) announced a quarterly dividend on Thursday, February 12th. Investors of record on Tuesday, March 17th will be given a dividend of 0.07 per share on Tuesday, March 31st. This represents a c) annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Tuesday, March 17th. This is a 16.7% increase from Brookfield’s previous quarterly dividend of $0.06.

Brookfield has decreased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 2 consecutive years. Brookfield has a dividend payout ratio of 5.4% meaning its dividend is sufficiently covered by earnings. Equities 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 Trading Up 2.1%

Shares of NYSE:BN traded up $0.98 during trading on Thursday, hitting $47.60. The company had a trading volume of 9,066,017 shares, compared to its average volume of 5,471,389. Brookfield has a one year low of $29.07 and a one year high of $49.56. The company has a fifty day simple moving average of $46.53 and a two-hundred day simple moving average of $45.56. The stock has a market cap of $117.89 billion, a price-to-earnings ratio of 132.22 and a beta of 1.57. The company has a debt-to-equity ratio of 1.54, a current ratio of 1.31 and a quick ratio of 1.19.

Brookfield (NYSE:BN) last posted its quarterly earnings results on Thursday, November 13th. The company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.61 by $0.02. The business had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.58 billion. Brookfield had a net margin of 1.34% and a return on equity of 3.92%. As a group, equities analysts forecast that Brookfield will post 3.85 earnings per share for the current year.

About Brookfield

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.