This Magnificent Dividend Stock's Smart Strategy Continues to Pay Big Dividends [Yahoo! Finance]
Brookfield Corporation Class A Limited Voting Shares (BN)
Company Research
Source: Yahoo! Finance
The company's ability to make accretive deals has helped give it the power to increase its dividend. It has done a magnificent job over the years, growing its payout at a 6% compound annual rate during the past 20 years. However, buying assets is only one aspect of Brookfield's strategy. It also routinely sells investments to recycle that capital into higher-returning new opportunities. That smart strategy has helped enhance its growth rate over the years. Cashing in Brookfield Renewable and its partners executed over $400 million of asset sales during the first half of this year ($250 million net to Brookfield). Those sales locked in a profit of two times its invested capital. Meanwhile, they helped bolster the company's liquidity. It ended the second quarter with $4.4 billion of available liquidity on its balance sheet. That gives it additional financial flexibility to make accretive acquisitions as opportunities arise. The renewable energy company recently revealed two more
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BN
News
- Moonfare appoints APAC chief [Yahoo! Finance]Yahoo! Finance
- Jack Mintz: Hands off our pensions, Trudeau Liberals! [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Poloz Hears Proposals for New Fund to Pull Canada's Pension Managers Back Home [BNN Bloomberg (Canada)]BNN Bloomberg
- Poloz Hears Proposals for New Fund to Pull Canada's Pension Managers Back Home [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Deals on Brookfield stakes in produce, wind and hydro assets net nearly $1-billion [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
BN
Earnings
- 8/8/24 - Miss
BN
Sec Filings
- 9/23/24 - Form 6-K
- 9/20/24 - Form 6-K
- 9/9/24 - Form 6-K
- BN's page on the SEC website