Brookfield Co. to Issue Quarterly Dividend of $0.08 (NYSE:BN)

Brookfield Co. (NYSE:BN - Get Free Report) declared a quarterly dividend on Friday, November 15th,Wall Street Journal reports. Stockholders of record on Monday, December 16th will be paid a dividend of 0.08 per share on Tuesday, December 31st. This represents a $0.32 annualized dividend and a dividend yield of 0.56%. The ex-dividend date of this dividend is Monday, December 16th.

Brookfield has decreased its dividend payment by an average of 16.4% annually over the last three years. Brookfield has a dividend payout ratio of 8.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Brookfield to earn $4.29 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 7.5%.

Brookfield Trading Down 1.7 %

Shares of BN stock traded down $1.01 on Friday, hitting $56.79. The stock had a trading volume of 2,185,827 shares, compared to its average volume of 2,785,907. The company's 50 day moving average price is $53.26 and its 200-day moving average price is $47.54. Brookfield has a 1 year low of $33.61 and a 1 year high of $60.20. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.20 and a quick ratio of 1.03. The firm has a market capitalization of $93.52 billion, a P/E ratio of 120.53 and a beta of 1.53.

Wall Street Analysts Forecast Growth

BN has been the subject of several analyst reports. Royal Bank of Canada lowered their price objective on Brookfield from $57.00 to $56.00 and set an "outperform" rating for the company in a research report on Friday, August 9th. JPMorgan Chase & Co. boosted their target price on Brookfield from $49.00 to $52.00 and gave the company an "overweight" rating in a report on Wednesday, July 31st. BMO Capital Markets reissued an "outperform" rating and issued a $62.00 price objective (up from $50.00) on shares of Brookfield in a research note on Friday. Scotiabank increased their price target on shares of Brookfield from $65.00 to $69.00 and gave the stock a "sector outperform" rating in a report on Friday. Finally, TD Securities boosted their target price on shares of Brookfield from $62.00 to $63.00 and gave the stock a "buy" rating in a research report on Monday, August 12th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Brookfield has a consensus rating of "Moderate Buy" and an average price target of $55.31.

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.

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