Brookfield (BN) to Release Earnings on Thursday

Brookfield (TSE:BN) is scheduled to issue its quarterly earnings data before the market opens on Thursday, May 9th. Analysts expect the company to announce earnings of C$0.98 per share for the quarter.

Brookfield (TSE:BN) last released its earnings results on Thursday, February 8th. The company reported C$1.13 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.92 by C$0.21. Brookfield had a net margin of 1.15% and a return on equity of 3.29%. The firm had revenue of C$33.38 billion for the quarter.

Brookfield Stock Performance

BN stock opened at C$59.70 on Tuesday. The company’s 50 day moving average price is C$55.60 and its 200 day moving average price is C$51.95. Brookfield has a fifty-two week low of C$40.07 and a fifty-two week high of C$59.76. The firm has a market capitalization of C$90.15 billion, a price-to-earnings ratio of 71.07 and a beta of 1.69.

Brookfield Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Wednesday, March 13th were paid a dividend of $0.107 per share. This represents a $0.43 dividend on an annualized basis and a dividend yield of 0.72%. This is a positive change from Brookfield’s previous quarterly dividend of $0.10. The ex-dividend date was Tuesday, March 12th. Brookfield’s dividend payout ratio is presently 51.19%.

About Brookfield

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.