Brookfield Corporation (BN) To Go Ex-Dividend on September 14th

Brookfield Corporation (NYSE:BN) announced a quarterly dividend on Wednesday, August 12th. Shareholders of record on Monday, September 14th will be given a dividend of 0.07 per share on Tuesday, September 29th. This represents a c) annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Monday, September 14th.

Brookfield has decreased its dividend by an average of 0.2%annually over the last three years and has increased its dividend annually for the last 2 consecutive years. Brookfield has a dividend payout ratio of 6.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Brookfield to earn $3.86 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 7.3%.

Brookfield Stock Up 0.4%

Brookfield stock opened at $38.20 on Friday. The company has a current ratio of 1.34, a quick ratio of 1.22 and a debt-to-equity ratio of 1.54. Brookfield has a 1-year low of $37.85 and a 1-year high of $49.56. The firm’s fifty day simple moving average is $42.30 and its 200-day simple moving average is $43.13. The company has a market capitalization of $93.66 billion, a P/E ratio of 69.45 and a beta of 1.53.

Brookfield (NYSE:BN) last posted its earnings results on Thursday, August 13th. The company reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.04. The company had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.66 billion. Brookfield had a return on equity of 3.93% and a net margin of 1.85%. Sell-side analysts forecast that Brookfield will post 2.93 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Brookfield in a research report on Wednesday, June 24th. BMO Capital Markets upgraded shares of Brookfield to a “strong-buy” rating in a report on Monday, July 27th. TD lifted their price objective on Brookfield from $60.00 to $61.00 and gave the stock a “buy” rating in a research note on Friday, August 14th. Royal Bank Of Canada dropped their price target on Brookfield from $63.00 to $61.00 and set an “outperform” rating on the stock in a research report on Friday, May 15th. Finally, National Bank Financial raised their price objective on shares of Brookfield from $58.00 to $60.00 and gave the stock an “outperform” rating in a research note on Friday, May 15th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $57.40.

Brookfield Company Profile

Brookfield Corporation (NYSE: BN) is a global investment and asset management company that owns and operates businesses across real estate, renewable power and transition, infrastructure, and private equity. Through its operating platforms and investments, the company is involved in assets such as office, retail, multifamily and logistics properties; hydroelectric, wind and solar facilities; transportation, data and utility infrastructure; and companies in industries including industrials, technology and business services.

Brookfield also maintains a significant interest in Brookfield Asset Management, an alternative asset manager that manages capital for institutional and individual investors.