Brookfield Wealth Solutions Ltd. to Issue Quarterly Dividend of $0.06 (NYSE:BNT)

Key Points

• Brookfield Wealth Solutions Ltd. announced a quarterly dividend of $0.06 per share, set to be paid on September 29th to stockholders of record as of September 12th, representing an annualized dividend yield of 0.4%.
• The company's stock is scheduled for a 3-for-2 split on October 10th, following its recent trading at $64.78, with a 1-year range between $43.69 and $68.87.
• Brookfield Wealth Solutions reported a revenue of $3.04 billion and earnings per share of $0.09 for the last quarter, indicating its strategic focus on retirement services and wealth protection products.

Brookfield Wealth Solutions Ltd. (NYSE:BNT - Get Free Report) declared a quarterly dividend on Friday, August 8th, Wall Street Journal reports. Stockholders of record on Friday, September 12th will be paid a dividend of 0.06 per share on Monday, September 29th. This represents a c) annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Friday, September 12th.

Brookfield Wealth Solutions Price Performance

Shares of Brookfield Wealth Solutions stock traded down $0.07 on Friday, reaching $64.78. The stock had a trading volume of 7,366 shares, compared to its average volume of 14,063. Brookfield Wealth Solutions has a 1 year low of $43.69 and a 1 year high of $68.87. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.02. The company has a market cap of $15.58 billion, a P/E ratio of 196.31 and a beta of 1.58. The business's 50 day moving average is $62.70 and its two-hundred day moving average is $57.77.

Brookfield Wealth Solutions's stock is set to split on Friday, October 10th. The 3-2 split was announced on Thursday, August 7th. The newly minted shares will be distributed to shareholders after the closing bell on Thursday, October 9th.

Brookfield Wealth Solutions (NYSE:BNT - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.09 earnings per share (EPS) for the quarter. The company had revenue of $3.04 billion during the quarter. Brookfield Wealth Solutions had a return on equity of 0.13% and a net margin of 0.11%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of BNT. Northwest & Ethical Investments L.P. bought a new position in shares of Brookfield Wealth Solutions in the 1st quarter worth $77,000. NBC Securities Inc. increased its stake in Brookfield Wealth Solutions by 172,600.0% in the first quarter. NBC Securities Inc. now owns 1,727 shares of the company's stock valued at $90,000 after acquiring an additional 1,726 shares during the last quarter. Arkadios Wealth Advisors purchased a new stake in Brookfield Wealth Solutions during the second quarter valued at about $207,000. Tower Research Capital LLC TRC raised its position in Brookfield Wealth Solutions by 152.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,630 shares of the company's stock valued at $209,000 after purchasing an additional 2,190 shares in the last quarter. Finally, Barclays PLC lifted its stake in Brookfield Wealth Solutions by 54.3% during the fourth quarter. Barclays PLC now owns 4,111 shares of the company's stock worth $236,000 after purchasing an additional 1,447 shares during the last quarter. 20.31% of the stock is currently owned by institutional investors.

About Brookfield Wealth Solutions

Brookfield Wealth Solutions is focused on securing the financial futures of individuals and institutions through a range of retirement services, wealth protection products and tailored capital solutions. Through our operating subsidiaries, we offer a broad range of insurance products and services, including annuities, personal and commercial property and casualty insurance and life insurance.The company was incorporated in 2020 and is headquartered in Pembroke, Bermuda.

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