Brookfield (TSE:BN) Hits New 52-Week High at $46.85

Shares of Brookfield Co. (TSE:BN) reached a new 52-week high during trading on Monday . The stock traded as high as C$46.85 and last traded at C$46.39, with a volume of 34746 shares. The stock had previously closed at C$46.75.

Brookfield Price Performance

The stock has a market capitalization of C$73.55 billion, a PE ratio of 336.21 and a beta of 1.59. The firm’s 50 day simple moving average is C$45.21 and its 200 day simple moving average is C$43.56.

Brookfield (TSE:BN) last issued its earnings results on Thursday, August 10th. The company reported C$1.01 earnings per share (EPS) for the quarter. Brookfield had a net margin of 0.32% and a return on equity of 1.86%. The firm had revenue of C$31.79 billion for the quarter, compared to analysts’ expectations of C$1.48 billion. Analysts expect that Brookfield Co. will post 4.2613531 earnings per share for the current fiscal year.

Brookfield Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Thursday, August 31st will be issued a dividend of $0.093 per share. This represents a $0.37 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date of this dividend is Wednesday, August 30th. Brookfield’s dividend payout ratio (DPR) is presently 271.43%.

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.