Brookfield Corporation (BN) To Go Ex-Dividend on June 15th

Brookfield Corporation (NYSE:BN) announced a quarterly dividend on Wednesday, May 13th. Shareholders of record on Monday, June 15th will be paid a dividend of 0.07 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Monday, June 15th.

Brookfield has decreased its dividend by an average of 0.2%per year over the last three years and has increased its dividend every year for the last 2 years. Brookfield has a payout ratio of 6.3% meaning its dividend is sufficiently covered by earnings. Research analysts expect Brookfield to earn $4.02 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 7.0%.

Brookfield Stock Performance

Shares of BN opened at $45.19 on Friday. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.20 and a current ratio of 1.32. The stock has a 50 day moving average price of $44.92 and a two-hundred day moving average price of $44.92. The firm has a market capitalization of $110.74 billion, a P/E ratio of 88.60 and a beta of 1.53. Brookfield has a 52 week low of $37.93 and a 52 week high of $49.56.

Institutional Investors Weigh In On Brookfield

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Rathbones Group PLC increased its stake in Brookfield by 5.5% in the 1st quarter. Rathbones Group PLC now owns 48,475 shares of the company’s stock valued at $1,958,000 after buying an additional 2,518 shares during the last quarter. Segall Bryant & Hamill LLC purchased a new stake in shares of Brookfield during the 1st quarter worth approximately $9,564,000. Western Wealth Management LLC bought a new stake in shares of Brookfield in the 1st quarter worth approximately $93,000. Janus Henderson Group PLC raised its holdings in shares of Brookfield by 7.4% in the 1st quarter. Janus Henderson Group PLC now owns 341,520 shares of the company’s stock worth $13,810,000 after purchasing an additional 23,460 shares during the period. Finally, Arkadios Wealth Advisors lifted its stake in Brookfield by 15.0% in the first quarter. Arkadios Wealth Advisors now owns 18,206 shares of the company’s stock valued at $737,000 after purchasing an additional 2,368 shares during the last quarter. Hedge funds and other institutional investors own 61.60% of the company’s stock.

Brookfield Company Profile

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.