Brookfield Corporation (NYSE:BN) Declares Quarterly Dividend of $0.07

Brookfield Corporation (NYSE:BN) announced a quarterly dividend on Thursday, November 12th. Shareholders of record on Wednesday, December 16th will be paid a dividend of $0.07 per share on Thursday, December 31st. This represents a $0.28 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Wednesday, December 16th.

Brookfield has decreased its dividend by an average of 0.2% annually over the last three years and has raised its dividend annually for the last 2 consecutive years. Brookfield has a payout ratio of 6.3% meaning its dividend is sufficiently covered by earnings. Analysts expect Brookfield to earn $3.64 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 7.7%.

Brookfield Trading Down 1.3%

BN stock traded down $0.55 during mid-day trading on Friday, reaching $41.09. The company’s stock had a trading volume of 888,154 shares, compared to its average volume of 5,098,656. Brookfield has a 12 month low of $35.61 and a 12 month high of $49.56. The company has a current ratio of 1.34, a quick ratio of 1.22 and a debt-to-equity ratio of 1.54. The business’s 50 day moving average price is $38.33 and its 200 day moving average price is $42.36. The company has a market cap of $100.78 billion, a price-to-earnings ratio of 74.65 and a beta of 1.53.

Brookfield (NYSE:BN) last posted its quarterly earnings results on Thursday, November 12th. The company reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.05. The firm had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.87 billion. Brookfield had a return on equity of 3.93% and a net margin of 1.85%. On average, equities research analysts predict that Brookfield will post 2.88 EPS for the current year.

About Brookfield

Brookfield Corporation is a global investment and operating company focused on owning and managing businesses and assets in sectors including renewable power, infrastructure, real estate, private equity and credit. It invests directly and through its asset management business, Brookfield Asset Management, which serves institutional and individual investors. The company’s operations and investments span multiple regions, including North America, South America, Europe and Asia-Pacific. Its portfolio includes renewable energy facilities, transportation and utility infrastructure, commercial and residential real estate, and businesses in a range of industries.