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

Brookfield Co. (NYSE:BN - Get Free Report) announced a quarterly dividend on Thursday, May 9th, Zacks reports. Stockholders of record on Thursday, June 13th will be given a dividend of 0.08 per share on Friday, June 28th. This represents a $0.32 annualized dividend and a dividend yield of 0.72%. The ex-dividend date of this dividend is Thursday, June 13th.

Brookfield has decreased its dividend payment by an average of 16.4% per year over the last three years and has increased its dividend every year for the last 1 years. Brookfield has a dividend payout ratio of 7.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect Brookfield to earn $4.65 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 6.9%.

Brookfield Trading Down 0.1 %

Shares of Brookfield stock traded down $0.03 on Friday, hitting $44.22. The stock had a trading volume of 4,213,500 shares, compared to its average volume of 2,858,654. The stock has a 50 day moving average of $41.10 and a 200 day moving average of $38.59. The firm has a market capitalization of $72.61 billion, a P/E ratio of 71.32 and a beta of 1.48. Brookfield has a twelve month low of $28.84 and a twelve month high of $44.50. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.99 and a current ratio of 1.15.

Brookfield (NYSE:BN - Get Free Report) last posted its quarterly earnings data on Thursday, May 9th. The company reported $0.77 EPS for the quarter, beating analysts' consensus estimates of $0.64 by $0.13. The company had revenue of $22.91 billion for the quarter. Brookfield had a net margin of 1.18% and a return on equity of 3.22%. During the same period in the prior year, the company posted $0.72 earnings per share. Sell-side analysts expect that Brookfield will post 3.35 earnings per share for the current fiscal year.

Insider Buying and Selling at Brookfield

In other news, Director Ocm Growth Holdings Llc sold 1,000,000 shares of the firm's stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $11.33, for a total transaction of $11,330,000.00. Following the completion of the transaction, the director now owns 15,492,168 shares in the company, valued at $175,526,263.44. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Director Ocm Growth Holdings Llc sold 1,000,000 shares of the firm's stock in a transaction on Monday, March 18th. The stock was sold at an average price of $11.33, for a total value of $11,330,000.00. Following the completion of the sale, the director now directly owns 15,492,168 shares in the company, valued at $175,526,263.44. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Oaktree Capital Group Holdings sold 7,131 shares of the firm's stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $21.75, for a total transaction of $155,099.25. The disclosure for this sale can be found here. Insiders own 11.00% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on BN. BMO Capital Markets boosted their target price on Brookfield from $42.00 to $44.00 and gave the stock an "outperform" rating in a research note on Friday, February 9th. Royal Bank of Canada lowered their target price on Brookfield from $53.00 to $51.00 and set an "outperform" rating on the stock in a research note on Monday, April 29th. Canaccord Genuity Group increased their price target on shares of Brookfield from $41.00 to $42.50 and gave the company a "hold" rating in a research report on Friday, February 9th. Scotiabank lowered their price objective on shares of Brookfield from $50.00 to $49.50 and set a "sector outperform" rating on the stock in a research report on Friday. Finally, JPMorgan Chase & Co. increased their target price on shares of Brookfield from $48.00 to $52.00 and gave the company an "overweight" rating in a research report on Thursday, February 1st. Two analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $48.10.

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.