Why Shares of Brookfield Real Assets Income Fund Crashed Today
Shares in the Brookfield Real Assets Income Fund (NYSE: RA) were down by a whopping 20% as of midday Wednesday. The plunge was triggered by the board of directors declaring that the fund was slashing its monthly distribution. The previous monthly payout of $0.199 per share will be repeated in September, but from October onward, it will drop to $0.118 per share -- a nearly 41% cut.
Image source: Getty Images.
The new monthly distribution annualizes to $1.416 per share and puts the stock on a theoretical dividend yield of 10.5%. In addition, the fund's net asset value (NAV) per share stood at $14.84 at the end of June compared to a stock price of $13.44 at the time of this writing.
Source Fool.com
Brookfield Corp. Aktie
45,50 €
0,00 %
Die Community neigt bei Brookfield Corp. zu Buy-Einschätzungen, mit einigen mehr als Sell-Einschätzungen.
Trotz eines Kursziels von 43 €, das unter 45.5 € liegt, ergibt sich für Brookfield Corp. ein negatives Potenzial von -5.49%.
