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

Brookfield Co. (NYSE:BN) declared a quarterly dividend on Thursday, November 14th,Wall Street Journal reports. Investors of record on Monday, December 16th will be given a dividend of 0.08 per share on Tuesday, December 31st. This represents a $0.32 annualized dividend and a yield of 0.55%. The ex-dividend date is Monday, December 16th.

Brookfield has decreased its dividend by an average of 16.4% per year over the last three years. Brookfield has a payout ratio of 8.2% 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 Stock Down 1.0 %

Shares of BN stock opened at $58.68 on Friday. The stock has a market cap of $96.63 billion, a P/E ratio of 124.85 and a beta of 1.55. The company’s fifty day simple moving average is $56.74 and its two-hundred day simple moving average is $49.83. The company has a quick ratio of 1.03, a current ratio of 1.17 and a debt-to-equity ratio of 1.40. Brookfield has a 52 week low of $37.77 and a 52 week high of $62.44.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on BN shares. BMO Capital Markets reaffirmed an “outperform” rating and issued a $62.00 price objective (up previously from $50.00) on shares of Brookfield in a research note on Friday, November 15th. Scotiabank boosted their price target on shares of Brookfield from $65.00 to $69.00 and gave the stock a “sector outperform” rating in a research report on Friday, November 15th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, Brookfield has a consensus rating of “Moderate Buy” and an average price target of $55.31.

Brookfield Company Profile

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.