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Brookfield plans 3:2 split, hikes dividend by 6%

Apr. 08, 2015 5:31 PM ETBrookfield Corporation (BN) Stock, BN:CA StockBy: Eric Jhonsa, SA News Editor
  • Brookfield (NYSE:BAM) is carrying out a 3:2 split through which 0.5 Class A shares will be issued for each Class A or B share held. Shares will begin trading on a post-split basis on May 13.
  • Starting on June 30, Brookfield's quarterly dividend will be at $0.12/share. That's equal to $0.18/share pre-split, up 6% from a current $0.17/share and good for a 1.2% yield.
  • BAM +1.9% AH to $57.63.

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