Brookfield Co. (NYSE:BN) Declares Quarterly Dividend of $0.09

Brookfield Co. (NYSE:BN - Get Free Report) declared a quarterly dividend on Thursday, February 13th,NASDAQ Dividends reports. Investors of record on Friday, March 14th will be given a dividend of 0.09 per share on Monday, March 31st. This represents a $0.36 annualized dividend and a dividend yield of 0.59%. The ex-dividend date is Friday, March 14th.

Brookfield has decreased its dividend payment by an average of 14.9% annually over the last three years. Brookfield has a dividend payout ratio of 7.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Brookfield to earn $4.09 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 7.8%.

Brookfield Stock Up 0.8 %

Brookfield stock traded up $0.50 during midday trading on Monday, hitting $60.88. The stock had a trading volume of 2,339,349 shares, compared to its average volume of 2,124,467. The company has a current ratio of 1.17, a quick ratio of 1.03 and a debt-to-equity ratio of 1.40. The stock has a market cap of $100.20 billion, a P/E ratio of 129.53 and a beta of 1.57. Brookfield has a 12 month low of $38.18 and a 12 month high of $62.78. The business has a fifty day moving average price of $58.47 and a 200 day moving average price of $54.71.

Brookfield (NYSE:BN - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The company reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.13. Brookfield had a return on equity of 3.74% and a net margin of 1.00%. Research analysts predict that Brookfield will post 3.83 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on BN shares. BMO Capital Markets reissued an "outperform" rating and issued a $62.00 price objective (up from $50.00) on shares of Brookfield in a report on Friday, November 15th. Morgan Stanley assumed coverage on Brookfield in a report on Thursday, January 23rd. They set an "overweight" rating and a $80.00 target price for the company. CIBC upped their target price on Brookfield from $68.00 to $70.00 and gave the company an "outperformer" rating in a report on Thursday, January 23rd. Scotiabank upped their target price on Brookfield from $69.00 to $71.00 and gave the company a "sector outperform" rating in a report on Monday, February 3rd. Finally, TD Securities upped their target price on Brookfield from $74.00 to $75.00 and gave the company a "buy" rating in a report on Tuesday, February 11th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Brookfield currently has a consensus rating of "Moderate Buy" and a consensus target price of $64.00.

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.