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

Brookfield Co. (NYSE:BN) declared a dividend on Thursday, February 13th,NASDAQ Dividends reports. Stockholders of record on Friday, March 14th will be paid a dividend of 0.09 per share on Monday, March 31st. The ex-dividend date of this dividend is Friday, March 14th.

Brookfield has decreased its dividend by an average of 14.9% annually over the last three years. Brookfield has a dividend payout ratio of 7.0% meaning its dividend is sufficiently covered by earnings. 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 Price Performance

NYSE:BN opened at $60.35 on Friday. The stock’s 50-day simple moving average is $58.42 and its 200 day simple moving average is $54.43. Brookfield has a 52-week low of $38.18 and a 52-week high of $62.78. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.03 and a current ratio of 1.17. The company has a market cap of $99.33 billion, a P/E ratio of 128.41 and a beta of 1.57.

Brookfield (NYSE:BN) last posted its quarterly earnings results on Thursday, February 13th. The company reported $1.01 earnings per share for the quarter, topping 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%. As a group, sell-side analysts forecast that Brookfield will post 3.83 EPS for the current fiscal year.

Analyst Ratings Changes

BN has been the topic of several analyst reports. CIBC upped their price target on shares of Brookfield from $68.00 to $70.00 and gave the stock an “outperformer” rating in a research report on Thursday, January 23rd. Morgan Stanley initiated coverage on shares of Brookfield in a research report on Thursday, January 23rd. They issued an “overweight” rating and a $80.00 price objective for the company. BMO Capital Markets reissued an “outperform” rating and issued a $62.00 price objective (up previously from $50.00) on shares of Brookfield in a research report on Friday, November 15th. Scotiabank lifted their price objective on shares of Brookfield from $69.00 to $71.00 and gave the company a “sector outperform” rating in a research report on Monday, February 3rd. Finally, TD Securities lifted their price objective on shares of Brookfield from $74.00 to $75.00 and gave the company a “buy” rating in a research report on Tuesday. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $64.00.

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.