Brookfield (TSE:BN) Hits New 1-Year High at $64.96

Brookfield Co. (TSE:BN) hit a new 52-week high during trading on Tuesday . The stock traded as high as C$64.96 and last traded at C$64.88, with a volume of 142353 shares trading hands. The stock had previously closed at C$64.47.

Brookfield Price Performance

The firm has a market capitalization of C$99.26 billion, a PE ratio of 80.05 and a beta of 1.69. The firm has a fifty day moving average price of C$59.30 and a 200 day moving average price of C$56.73.

Brookfield (TSE:BN) last posted its quarterly earnings results on Thursday, May 9th. The company reported C$1.04 earnings per share for the quarter, beating the consensus estimate of C$0.88 by C$0.16. The firm had revenue of C$30.88 billion for the quarter. Brookfield had a return on equity of 3.29% and a net margin of 1.14%. On average, sell-side analysts expect that Brookfield Co. will post 3.4293133 EPS for the current year.

Brookfield Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, June 13th were given a $0.11 dividend. This is a positive change from Brookfield’s previous quarterly dividend of $0.11. This represents a $0.44 annualized dividend and a yield of 0.69%. The ex-dividend date of this dividend was Thursday, June 13th. Brookfield’s dividend payout ratio is presently 55.00%.

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.