Brookfield Office Stock To Go Ex-dividend Tomorrow (BPO)
The ex-dividend date for Brookfield Office Properties Inc (NYSE:BPO) is tomorrow, November 29, 2011. Owners of shares as of market close today will be eligible for a dividend of 14 cents per share. At a price of $14.65 as of 9:30 a.m., the dividend yield is 4%.
NEW YORK ( TheStreet) -- The ex-dividend date for Brookfield Office Properties Inc (NYSE: BPO) is tomorrow, November 29, 2011. Owners of shares as of market close today will be eligible for a dividend of 14 cents per share. At a price of $14.65 as of 9:30 a.m. ET, the dividend yield is 4%. The average volume for Brookfield Office has been 2.6 million shares per day over the past 30 days. Brookfield Office has a market cap of $7.36 billion and is part of the financial sector and real estate industry. Shares are down 19.3% year to date as of the close of trading on Friday. Brookfield Properties Corporation is a publicly owned real estate investment firm. The firm engages in the ownership, development, and management of premier commercial properties. It also provides ancillary real estate service businesses, such as tenant service and amenities. The company has a P/E ratio of 3.6, equal to the average real estate industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Brookfield Office as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. You can view the full Brookfield Office Ratings Report. See our dividend calendar or top-yielding stocks list.
At the turn of the century, people from all over the world marveled at the AOL Time Warner Center. But now, the final frontier of New York City's iconic landscape belongs to Manhattan West, a Brookfield Development. The seven-million square foot development is positioned at the gateway of Manhattan's newest vibrant neighborhood, the Hudson Yards District.