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
38,00 €
-0,52 %
Mit 14 Buy-Einschätzungen und nur 1 Sell-Einschätzungen steht die Community der Aktie positiv gegenüber.
Für Brookfield Corp. ergibt sich mit einem Kursziel von 42 € ein leicht positives Potenzial gegenüber dem aktuellen Kurs von 38.0 €.
