|Bid||47.13 x 900|
|Ask||47.14 x 1300|
|Day's Range||46.85 - 47.19|
|52 Week Range||36.58 - 48.43|
|Beta (3Y Monthly)||1.04|
|PE Ratio (TTM)||14.99|
|Forward Dividend & Yield||0.64 (1.33%)|
|1y Target Est||55.67|
Brookfield Asset Management's (BAM) chief executive wants Howard Marks, the veteran distressed debt guru and co-founder of Oaktree Capital, to continue his investment work, including his letters to clients, for years to come. BAM announced that it will take a majority stake in Oaktree in March, with the surprise move sparking speculation that Brookfield's chief executive Bruce Flatt could become an heir to Oaktree's 73-year-old investing "legend".
WELLINGTON/SYDNEY, May 13 (Reuters) - Vodafone Group Plc on Monday agreed to sell its New Zealand business for NZ$3.4 billion ($2.23 billion) to a consortium comprising of New Zealand-based Infratil Ltd and Canada's Brookfield Asset Management, in a deal the telecom giant says would help reduce its debt. Vodafone has been trying to shrink its businesses in Australia and New Zealand to focus on European markets, and is fighting regulators that last week moved to block a A$15 billion ($10.4 billion) deal to merge its Australian joint venture business with TPG Telecom.
Vodafone is looking to consolidate its businesses in Australia and New Zealand, with an $11 billion deal underway to merge its Australian joint venture business with TPG Telecom. Deutsche Bank and Deutsche Craigs Limited are acting as financial advisers to Vodafone, the company said. Vodafone, in 2017, had tried to sell Vodafone NZ to Sky Network Television for NZ$3.44 billion ($2.3 billion) but failed to get regulatory clearance because of monopoly concerns.
[Editor's note: This story was previously published in March 2019.. It has since been updated and republished.]Google the question "What's considered a high dividend yield?" and you get more than 65 million results. That's because many investors are on the hunt for dividend stocks to buy that not only appreciate over time but also pay a high dividend. So what is a high-dividend yield stock? One that pays 1%? 3%? 5%? The truth is there is no strict rule. InvestorPlace - Stock Market News, Stock Advice & Trading TipsIf you are interested in high-yield dividend stocks, it's better to focus on a company's history of growing its dividend rather than just looking for the juiciest dividend yields. That's because dividend yields are often high due to some problem with the business that's knocked its share price lower. That said, if you can find a group of stocks that yield 5% and have demonstrated the ability to grow the annual payment over a decent amount of time, double-digit total returns won't be nearly as difficult to achieve. * 7 Cloud Stocks to Buy on Overcast Days The trick is finding those stocks. Here are seven high-yield dividend stocks to buy with a payout of 5% or more that I believe can get the job done. BP (BP)The integrated oil and gas company has come a long way since the Deepwater Horizon oil spill in 2010. BP (NYSE:BP) currently yields 5.6%. It has paid a quarterly dividend for 33 consecutive quarters starting with a 42-cent payment in Q4 2010. For 15 quarters between Q3 2014 and Q1 2018, it paid a 60-cent quarterly dividend, opting to retain more of its cash flow. With the September 2018 payment, BP increased its quarterly dividend to $0.6150. In March 2017, I gave InvestorPlace readers five reasons to own BP stock. Included in the mix was the company's projection that its free cash flow would grow from $1.8 billion to $24 billion by 2021. That projection was based on a $55 barrel of oil. In fiscal 2018, BP finished the year with $7.8 billion in free cash flow. It now expects to generate between $14-15 billion in free cash flow by 2021, down from its earlier projections, but much higher than where it was in fiscal 2016. It expects to achieve its free cash flow projection for 2021 by adding approximately 900,000 barrels of oil equivalent per day with many of the 16 projects required to add this capacity already underway. I don't know if BP will hit its guidance. However, the 5.6% dividend yield will help you while wait to find out. Icahn Enterprises (IEP)Love him or hate him, Carl Icahn sure knows how to make money for his investors, and Icahn Enterprises (NYSE:IEP) is next on our list of high-yield dividend stocks. Year-to-date, IEP has a total return of 29%. Over the past 15 years, IEP's annualized total return was 14.8% with approximately 43% of those gains from dividends. Currently yielding 10.75%, IEP increased its quarterly distribution by 11.3% to $2 a share, payable in April.The last two fiscal years have been good for IEP shareholders. In 2018, Icahn Enterprises' indicative net asset value increased by 3.7% to $8.2 billion. That might seem like a lot but you do that consistently for a decade, and it will show up in the company's stock price. In 2018, Icahn's investment fund made 7.8% on the year, when most hedge funds lost money and the S&P 500 was also down. Although Icahn is in his 80s, he's still able to jump on the latest trends. * 7 Cloud Stocks to Buy on Overcast Days He might appear grumpy at times, but who cares when he delivers for shareholders. Brookfield Property Partners (BPY)Brookfield Property Partners (NASDAQ:BPY) invests in real estate. Whether we're talking office, retail, multi-family residential, self-storage, student housing, you name it, if there's money to be made, BPY is in the mix.BPY acquired a 100% leasehold interest in 666 Fifth Avenue in New York in August 2018. The property, bought at the height of the real estate market, was Jared Kushner's money pit. He paid $1.8 billion for it. BPY took it off his hands for $1.3 billion. It plans to redevelop the building to bring up the rents and then hang on to it until the property is worth significantly more than the price Brookfield paid for it. Over the last five years, this high-yield dividend stock has completely reshaped its business, taking five publicly traded companies private, a move that kept a lid on its share price. As a result, the company's board's approved a $500 million substantial issuer bid to buy back its shares at prices between $19 and $21. Brookfield increased its quarterly distribution by 5% in Q4 2018 to $1.32 a share on an annual basis, a current yield of 6.6%. BPY is also affiliated with Brookfield Asset Management (NYSE:BAM), which owns 52% of the company. You could do a lot worse when it comes to high-yield dividend stocks. Cedar Fair (FUN)Who can resist a stock with the symbol FUN? Cedar Fair (NYSE:FUN) has been providing fun for kids and adults alike since 1870. It hasn't been a public company for 148 years, though. It went public in 1987. And a $10,000 investment in its IPO would be worth approximately $875,000 today. Its first park was in Sandusky, Ohio. Since then it's added ten additional amusement parks, two outdoor water parks, one indoor water park, and four hotels. The entire system welcomes close to 26 million guests each year generating more than $1.3 billion in annual revenue. The average guest spends almost $48 visiting one of its amusement parks spread across North America.Set up as a publicly traded partnership, Cedar Fair pays out most of its profits tax-free to its unitholders. Since going public, it's paid out more than $2.6 billion in distributions to unitholders. * 7 Cloud Stocks to Buy on Overcast Days Cedar Fair might not grow its revenues by double digits but its current yield of 6.8% more than makes up for its lack of growth, making it one of the best high-yield dividend stocks to buy. BCE (BCE)BCE (NYSE:BCE) could best be described as a Canadian version of AT&T (NYSE:T).Canada's largest communications company, BCE generates 53% of its annual revenue from its wireline business, which includes broadband, TV, and voice, 36% from wireless, and the remaining 11% from Bell Media. Its media business includes 30 TV stations, 30 specialty networks, four pay TV channels, 109 radio stations, and more than 200 websites. In 2018, it grew free cash flow by 4.4% to CAD$3.57 billion. BCE aims to payout between 65%-75% of its free cash flow annually. In 2018, it paid out CAD$2.68 billion for dividends, 6.6% higher than a year earlier. It currently yields 5.07%, 140 basis points less than AT&T. However, its long-term debt is just CAD$19.8 billion, less than 10% of Randall Stephenson's baby.BCE continues to be a stock for widows and orphans -- in other words, one of the safest high-yield dividend stocks. Brookfield Renewable Partners (BEP)The second of two Brookfield picks, you might think I have a thing for the Brookfield group of companies; and, you'd be right. Brookfield Renewable Partners (NYSE:BEP) is the renewable energy arm of Brookfield Asset Management, who own 60% of the company. Of the seven high-yield dividend stocks on this list, BEP has the most risk and reward of the bunch. On February 8, the company announced its Q4 results. On the top line, it had $3.0 billion in revenue, 13.6% higher than a year earlier. On the bottom line, it had $403 million in net income, almost eight times higher than in 2017. On a cash flow basis, its funds from operations (FFO) increased by 16.4% to $676 million. So, where's the risk, you might be asking? Well, renewable energy projects aren't cheap. In 2018, Brookfield finished the year with $10.7 billion in corporate and non-recourse debt. That debt comes with $6.5 billion in interest payments over the life of the obligations, 61% of which is due within five years. * 7 Cloud Stocks to Buy on Overcast Days That said, all Brookfield companies bring to the table a level of conservatism to their investment practices, ensuring that your 6.5% dividend is most certainly money in the bank. Ford (F)Ford (NYSE:F) is currently yielding 5.7%, a mouth-watering number for any dividend investor. However, as anyone who follows the car company, an investment in the Detroit-based business comes with more than its fair share of risk. One of the risks is the company's CEO, Jim Hackett. I'm sure he's a fine man, but I've said many times in the past that he's the wrong person for the job. In October, while suggesting that Ford stock had likely fallen as far as it possibly could and was worth a sniff by investors, I argued that someone along the lines of General Motors' (NYSE:GM) CEO Mary Barra is what is needed to revive Ford glory. Ford Executive Chairman Bill Ford feels I'm 100% wrong about Hackett."I think the ability to hold the now, the near and the far all together at one time is something you don't always see in executives. And Jim (Hackett) has that," Ford told Reuters on the sidelines of the CERAWeek energy conference in Houston. "We're changing a lot. And change is difficult."It sure is. That said, I do believe if you're going to buy a stock under $10, Ford is the one to buy because it's not going out of business anytime soon despite the lack of innovation. As of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Cloud Stocks to Buy on Overcast Days * 6 Stable Stocks Worth Buying for Protection * 5 Active Vanguard Funds That You Have to Own Compare Brokers The post 7 Winning High-Yield Dividend Stocks With Payouts Over 5% appeared first on InvestorPlace.
The Toronto-based company said it had profit of 58 cents per share. The asset management company posted revenue of $15.21 billion in the period. Brookfield Asset Management shares have increased 23% since ...
Net Income of $1.3 billion or $0.58 per shareFFO of $1.1 billion or $1.04 per share BROOKFIELD, News, May 09, 2019 -- Brookfield Asset Management Inc. (NYSE: BAM, TSX: BAM.A,.
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of BRK Ambiental Participacoes S.A. New York, May 07, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of BRK Ambiental Participacoes S.A. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
TOLEDO, Ohio, May 6, 2019 /PRNewswire/ -- Welltower Inc. (WELL) today announced that Ayesha Menon and Edward Cheung have joined the Company as Senior Vice Presidents of Investments. "I am very pleased to welcome Ayesha and Edward to Welltower," said Tom DeRosa, Welltower's Chief Executive Officer. Ms. Menon joins the Company from Sidewalk Labs, an Alphabet company (NASDAQ: GOOG), where she served as Director of Real Estate Investments.
“We are launching a fund in the next month or two,” Brookfield Property Partners LP Chief Executive Officer Brian Kingston said Monday at the Milken Institute Global Conference in Beverly Hills, California. Goldman Sachs Group Inc., Starwood Capital Group, hedge fund EJF Capital LLC and New York-focused RXR Realty LLC are among firms that have begun making investments in opportunity zones or are raising money to do so.
Brazilian gas pipeline company Nova Transportadora do Sudeste (NTS) has registered to sell securities so it can sell bonds in the local market to refinance the deal in which it was acquired by Brookfield Asset Management, a source familiar with the matter said on Thursday. NTS registered with the country's securities industry watchdog CVM on Wednesday. Brookfield Asset Management had been planning a $1.6 billion bond sale denominated in reais since last year, which would be one of the largest recent debt transactions in the country.
Moody's Investors Service has assigned a Ba3 rating to Brookfield Property REIT Inc.'s (BPR) proposed $750 million senior secured note due 2026 to be issued by BPR and its subsidiaries. The new issue proceeds will be used to repay the outstanding balance on the revolving credit facility and term loans.
We're almost a month into the spring season, which is a great time to consider your favorite stocks to buy. If anything, the markets, as a product of human ingenuity, represents the collective, overriding sentiment. In other words, if people feel good about themselves and their prospects, the major indices will reflect this.However, this year's spring brings conflicting messages. On the pessimistic end of the scale, the U.S.-China trade war has extended much further than most political pundits anticipated. That includes President Donald Trump, who often boasts about his negotiating acumen. He really needs to seal the deal here in order to mitigate damage against affected sectors.But on the other end, The U.S. still has the greatest economy in the world. Plus, our labor market is incredibly robust, with unemployment still reading at multi-decade lows. Thus, even though consumer confidence sometimes wavers, investors have justification to buy into stocks on the rise.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Stocks That Can Outperform for Years Ultimately, even the trade war will almost certainly find a productive resolution. After all, securing a happy medium for the number one and two economies in the world is a net positive. With that, here are seven stocks to buy this spring season: Spring Stocks to Buy: Amazon (AMZN)Source: Shutterstock E-commerce giant Amazon (NASDAQ:AMZN) is always a good choice among popular stocks to buy. For one thing, its core industry continues to gain relevancy. While America's shopping centers cope with a changing retail landscape, it's Amazon that has imposed that change. They're in the driver's seat, which by itself is a great reason to own AMZN stock.Usually, though, investors should stay away from tired arguments. The beauty about Amazon is that it's also one of the stocks on the rise this year. Unlike other organizations that may be tempted to rest on their laurels, Amazon finds new ways to disrupt businesses. This chip on their shoulder has driven AMZN stock past a $1 trillion market capitalization previously.I see shares getting there to stay, and then some. Obviously, the company dominates e-commerce, and they're making noise on the logistics end. They're an established powerhouse in cloud-computing services and content streaming. Recently, they dove into video games. AMZN is an unstoppable freight train, making it one of the best stocks to buy for any season, or reason. Brookfield Asset Management (BAM)Source: Governor Earl Ray Tomblin via FlickrPerusing the internet for investment-related articles, I noticed that not too many analysts focus on real estate as a viable arena when seeking stocks to buy. That might be a mistake, considering the incredible performance of Brookfield Asset Management (NYSE:BAM) shares. Year-to-date, BAM stock is up over 25%.But despite this technical surge, I can understand many investors' hesitancy. In the domestic market, real estate prices have ballooned to absurd levels. According to Rentcafe.com, the average rent for an apartment is $2,371. That's already bad enough. However, we're talking about an average size of 786 square feet! * 7 Mid-Cap Stocks to Find the Market's Sweet Spot This just doesn't seem sustainable. However, we also must remember that the mortgage industry no longer lends money to subprime borrowers. Thus, as crazy as prices are right now, we may not see a sharp correction. If so, you can expect BAM stock to continue riding its momentum. Hilton Hotels (HLT)Source: eGuide Travel via FlickrAmong this season's stocks to buy, Hilton Hotels (NYSE:HLT) has some pros and cons. Starting with the bad news first, international headwinds, such as the U.S.-China trade war, doesn't do HLT stock many favors. Over the years, Chinese tourists have flexed their muscles, and Hilton obviously wants a piece of that pie.On the other hand, HLT is certainly among the best-performing stocks on the rise. On a YTD basis, shares are up over 25%. In this month alone, HLT stock gained nearly 6%.While the famous hotelier may experience a corrective action in the markets, longer-term factors appear net positive. For instance, the dollar is still relatively strong compared to international currencies. Therefore, this incentivizes American tourists to travel to foreign countries and splurge.Another tailwind is Hilton's premium brand. Allegedly, the Trump tax cuts gave wealthy people more money. That might explain HLT and its status among stocks on the rise. AMC Entertainment (AMC)Source: Shutterstock Out of the stocks to buy mentioned on this list, I have a vested interest in AMC Entertainment (NYSE:AMC). That's because I own AMC stock, and I know many people who hold various roles at the cineplex operator. Plus, I'm a Premiere Stubs member, which entitles me to a free popcorn during my birth month.But as much as I'm bullish on AMC stock, I admit that the past several months were rough. Shares initially took off in late summer last year but crumbled under broader market pressures. Nevertheless, AMC is one of the stocks on the rise in 2019, gaining over 30% since the January opener. * 7 Marijuana Companies: Which Pot Stocks Should You Buy? So why am I optimistic despite this volatility? It really comes down to the value proposition. While streaming has taken over the entertainment landscape, the box office offers an unparalleled consumer experience. Plus, taking your family out to the movies is a much cheaper form of escapism than going to a ballgame. RCI Hospitality (RICK)Source: Edkohler via FlickrAccording to population data, the most common birthday in the U.S. is Sept. 16. Through reverse-engineering, we can logically surmise that Americans get it on most frequently during the winter months. Maybe that helps explain why RCI Hospitality (NASDAQ:RICK) crashed last winter?Jokes aside, despite the severe volatility, I think RICK stock presents a great opportunity. For starters, RCI Hospitality is one of the recent stocks on the rise. Since the close of March 22, shares are up over 8%. Moreover, sex never goes out of style.This is an important point if this market upturn turns out to be a head-fake. During the last recession, so-called "gentlemen's clubs" performed very well. While it's not among the feel-good stocks to buy, RICK stock provides a quick and dirty boost to your portfolio. Sturm Ruger & Company (RGR)Source: Stephen Z via FlickrDue to mass shootings and fierce political opposition, firearms manufacturer Sturm Ruger & Company (NYSE:RGR) has fallen out of favor. However, an unbelievable occurrence in painfully liberal California may give RGR stock new life.For nearly two decades, California imposed a restriction on magazines that carry more than 10 rounds. That draconian -- liberals would say sensible -- measure was overturned by a federal judge before being legally challenged. However, this created a one-week period where Californians could rush to their local gun shops to stock up on magazines holding more than 10 rounds.The San Francisco Chronicle anguished that firearms retailers may have sold hundreds of thousands of these magazines. Not that I would know, but many southern California gun stores completely ran out of inventory before the deadline passed. * 7 AI Stocks to Watch with Strong Long-Term Narratives But how will this impact RGR stock? Simply put, Ruger makes AR-15 rifles that accept a variety of magazine sizes. Some people will find these rifles more fun to shoot with 30-plus rounds at their disposal, breathing new life to the platform. Manchester United (MANU)Source: Paul via Flickr (Modified)You don't find too many analysts incorporating Manchester United (NYSE:MANU) into their list of stocks to buy for a reason: unlike their underlying English soccer (or "football" for you snobs) team, MANU stock stinks. Over the last five years, shares moved up a very pedestrian 12%.So why even consider MANU stock for this spring season? This has all the appearance of a stock that makes you think this time it's different, only to disappoint yet again. Plus, sports-related investments don't have the greatest reputation. Sure, World Wresting Entertainment (NYSE:WWE) is making a killing, but how long did it basically drift sideways before that?Back to the original question: the answer is China. Out of all European soccer teams, Manchester United has the greatest following in China, totaling 107 million followers. For perspective, the U.K. has a population size of 66 million.However, Manchester United has jealous competitors. In response, management is developing "entertainment experiences" in China to further cement their popularity. It's not a guarantee that MANU stock will move higher. But if it's gonna happen, it just might happen this year.As of this writing, Josh Enomoto WAs long AMC stock. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Internet Stocks to Watch * 7 AI Stocks to Watch with Strong Long-Term Narratives * 10 Dow Jones Stocks Holding the Blue Chip Index Back Compare Brokers The post 7 Stocks to Buy for Spring Season Growth appeared first on InvestorPlace.
If you are looking to invest in assets that generate reliable income, Brookfield Infrastructure and Kinder aren't interchangeable dividend plays.
2019 First Quarter Conference CallDate: Thursday, May 9, 2019Time: 11:00 a.m. (Eastern Time)Annual Meeting of ShareholdersDate: Friday, June 14, 2019Time: 10:30 a.m..
Macy's (NYSE:M) stock is about to get a shot in the arm thanks to its real estate partnership with Brookfield Asset Management (NYSE:BAM). The help comes as M stock is trying to climb back from its 52-week low.I had forgotten entirely about the department store's real estate gambit until I happened to read an article about it at the end of March. If you don't remember the details of the partnership, let me get you up to speed. InvestorPlace - Stock Market News, Stock Advice & Trading TipsInitially, Macy's gave Brookfield the exclusive rights to redevelop 50 Macy's stores within 24 months of signing the deal in November 2016. Now, more than two years later, Brookfield is moving ahead with its plans to extract higher value from those 50 properties. "The Brookfield alliance [gives] us greater flexibility to invest in our most productive and highest potential locations, and to make the most of our real estate assets," former Macy's CEO and Chairman Terry Lundgren said in a statement at the time. Current CEO Jeff Gennette is probably thanking his lucky stars his former boss signed that deal because with Brookfield's plans heating up, it takes the pressure off Macy's retail operations, which haven't performed all that well in a relatively strong economy. If you own Macy's stock, the Brookfield partnership could be the gift that keeps on giving. Here's why. Some of the ProjectsLast year, Macy's former CFO Karen Hoguet, confirmed that the retailer and Brookfield had agreed on terms for nine of the 50 projects with approximately two-thirds of the locations getting some redevelopment. * 8 Best Stocks to Buy for an April Rally Of those nine, six would involve adding retail shops on top of existing parking lots while the other three would be bigger, mixed-use developments. What's in it for Macy's financially?The Motley Fool's Adam Levine-Weinberg wrote a year ago that Macy's could generate $200 million from the redevelopment of 33 of the 50 properties, at a payoff of $6 million per property. However, that's a relatively conservative number that doesn't take into account Macy's accepting more of the risk in return for more of the cash flow down the road. A particularly interesting project is at its Hawthorn Mall in suburban Chicago. Macy's and Brookfield have proposed four new buildings on property adjacent to the mall. City officials in Vernon Hills, Illinois, think it's too much scale for this particular piece of property. Macy's is now debating whether to go ahead with just three buildings. Centennial Real Estate, which acquired Hawthorn Mall in December 2015, is eager to transform it into something beyond retail, with restaurants, hotels, and other non-retail uses. The point of all of these projects is to drive more traffic to the mall. While city officials are rightly concerned about a hodgepodge of buildings going up, Brookfield isn't in the business of delivering crappy solutions. It will figure out a way to work with Centennial to bring a comprehensive plan to the mall's redevelopment. The harder the project, the more Brookfield's ability to utilize its talent for getting difficult projects completed. Terry Lundgren picked the right group to partner on these projects. Bottom Line for Macy's StockMacy's finished fiscal 2018 with same-store-sales (SSS) growth of 1.7%, 390 basis points higher than fiscal 2017 and 520 bps higher than fiscal 2016. While its fourth-quarter SSS grew by only 0.4%, it did manage to increase online sales by double digits as it continues to create a better omnichannel experience for Macy's customers. * 7 Biometric Stocks to Watch as AI Rises Also, its Growth50 stores delivered better performance, on average, than its entire fleet of stores, a sign that the company's North Star Strategy is working. As it reduces the bloat in its executive ranks while continuing to invest in those areas that will deliver the highest returns, Macy's operating profits are likely to stabilize and grow, and Macy's stock price should ride those coattails.Macy's partnership with Brookfield is starting to see real progress. That means the stores where redevelopments are happening are likely to see increased traffic and stronger sales in the future. The combination of a slowly evolving retail operations plan from CEO Gennette, along with the ongoing transformation of some of its real estate suggests there are better days ahead for Macy's stock, which continues to trade near five-year lows.As my InvestorPlace colleague, Luke Lango wrote recently, M stock is unreasonably undervalued at the moment. At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 5 Data Center Buys That Deliver Sizable Income * 7 High-Risk Stocks With Big Potential Rewards * 3 Marijuana Stocks to Watch as New York, New Jersey Delay Legalization Compare Brokers The post Macy's Stock Continues to Benefit From Retailer's Suburban Real Estate appeared first on InvestorPlace.
These two high-yield partnerships both have exciting prospects. Which is the better buy is a tough decision -- here's a primer to help you decide.