Brookfield Corporation – On May 11, 2023, its board of directors declared a permanent quarterly dividend of $0.07 per share ($0.28 annualized). Previously, the company paid $0.07 per share.
Shares must be purchased by the ex-div date of May 30, 2023 to be eligible for the dividend. Shareholders of record as of May 31, 2023 will receive payment on June 30, 2023.
At the current stock price of $31.20/share, the stock has a dividend yield of 0.90%.
Looking back five years and sampling each week, the average dividend yield was 0.76%, with a low of 0.46% and a high of 1.28%. The standard deviation of the income is 0.18 (n=235).
The current dividend yield is 0.77 standard deviations below the historical average.
In addition, the company’s dividend payout ratio is 0.56. The payout ratio shows how much of a company’s earnings is paid out as dividends. A payout ratio of one (1.0) means that 100% of the company’s earnings are paid out as dividends. A payout ratio above one means that the company is dipping into its savings to maintain the dividend, which is not a healthy situation. Companies with little growth prospects should pay out most of their earnings in the form of dividends, which usually means a payout ratio of between 0.5 and 1.0. Companies with good growth prospects must retain a portion of their profits to invest in these growth prospects, which translates into a payout ratio of zero to 0.5.
The company has not increased its dividend in the last three years.
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What is stock sentiment?
Brookfield Corporation has 877 funds or institutions reporting positions. This is an increase of 546 owners or 164.95% in the last quarter. Average portfolio weight from all funds 0.63% for BN, an increase of 192.34%. The total number of shares owned by institutions increased by 241.39% over the past three months to 1,044,780,000 shares. BN’s put/call ratio is 1.55, indicating a bearish outlook.
Analysts’ price forecast predicts an increase of 60.49%
As of May 11, 2023, Brookfield Corporation’s one-year average price target is 50.07. The forecast ranges from a low of $32.32 to a high of $79.82. The average target price has increased by 60.49% from the last published closing price at 31:20.
See the ranking of companies with the highest price targets.
Brookfield Corporation’s estimated annual revenue is $63,712 million. Estimated annual non-GAAP EPS of 3.01.
What are other shareholders doing?
Brookfield Asset Management owns 131,888,000 shares representing 8.05% of the company.
Royal Bank Of Canada owns 98,739,000 shares representing 6.02% of the company.
Major Financial Group owns 53,021,000 shares representing 3.23% ownership of the company. In a previous filing, the company said it owned 50,774,000 shares. raise 4.24%. Company decreases 41.74% allocation of its portfolio in BN in the last quarter.
Td Asset Management owns 27,076,000 shares representing 1.65% of the company. In a previous filing, the company said it owned 28,295,000 shares. decrease 4.50%. Company decreases 42.60% allocation of its portfolio in BN in the last quarter.
FIL owns 25,474,000 shares representing 1.55% ownership of the company. In a previous filing, the company said it owned 20,907,000 shares. raise 17.93%. Company decreases 31.57% of its portfolio in the last quarter.
General information about Brookfield
(This description is provided by the company.)
Brookfield Asset Management Inc. is a leading global alternative asset manager with approximately US$600 billion of assets under management in real estate, infrastructure, renewable energy, private equity and credit. Brookfield owns and manages long-term assets and businesses, many of which form the backbone of the global economy. Leveraging its global reach, access to extensive capital and operational expertise, Brookfield offers investors worldwide a range of alternative investment products, including public and private pension plans, funds and funds. , sovereign wealth funds, financial institutions, insurance companies and private investors. Brookfield Asset Management is listed on the New York and Toronto Stock Exchanges under the symbols BAM and BAM.A, respectively.
This story originally appeared on Fintel.
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