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Brookfield (TSE:BN) Trading Down 1.8% - Here's What Happened

Brookfield logo with Financial Services background

Brookfield Co. (TSE:BN - Get Free Report) shares were down 1.8% during trading on Thursday . The stock traded as low as C$73.22 and last traded at C$73.83. Approximately 2,373,436 shares changed hands during trading, an increase of 36% from the average daily volume of 1,739,320 shares. The stock had previously closed at C$75.18.

Brookfield Stock Performance

The company's 50 day moving average price is C$70.57 and its 200 day moving average price is C$63.43. The company has a market cap of C$112.06 billion, a price-to-earnings ratio of 93.94 and a beta of 1.75.

Brookfield (TSE:BN - Get Free Report) last posted its earnings results on Thursday, August 8th. The company reported C$1.85 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of C$1.07 by C$0.78. Brookfield had a net margin of 1.10% and a return on equity of 2.11%. The business had revenue of C$31.54 billion for the quarter. On average, equities research analysts forecast that Brookfield Co. will post 6.4136752 EPS for the current fiscal year.

Brookfield Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Thursday, September 12th were issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date was Thursday, September 12th. Brookfield's dividend payout ratio (DPR) is presently 54.43%.

About Brookfield

(Get Free Report)

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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