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

Brookfield Co. (NYSE:BN) announced a 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. 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% meaning 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 Trading Up 3.0 %

BN opened at $60.35 on Friday. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.17 and a quick ratio of 1.03. The company has a market cap of $99.33 billion, a price-to-earnings ratio of 128.41 and a beta of 1.57. The firm has a 50 day simple moving average of $58.42 and a 200 day simple moving average of $54.43. Brookfield has a fifty-two week low of $38.18 and a fifty-two week high of $62.78.

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 analysts’ consensus estimates of $0.88 by $0.13. Brookfield had a net margin of 1.00% and a return on equity of 3.74%. On average, sell-side analysts anticipate that Brookfield will post 3.83 earnings per share for the current year.

Analysts Set New Price Targets

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