TSX:BPO.PR.A - Post by User
Comment by
pierrelebelon Mar 30, 2024 10:39am
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Post# 35960974
RE:RE:RE:Brookfield Group Returns
RE:RE:RE:Brookfield Group Returns
Carena wrote "The BPO prefs are great instruments but they are buried within the BN structure,,,"
Yes and many others are hidden under the Brookfield umbrella.
My wife and I own Bridgemarq (formerly Brookfield Real Estate Services) BRE on the TSX. They have maintained the same monthly dividend of $0.1125 (yield 9.66%) since we first acquired the shares six or seven years ago. We keep adding shares when the price drops (last purchased 1,000 shares at $13.40 in November 2022). We will not "get rich" with these shares but they are the leaders in their industry and provide relatively safe and above average (tax advantaged) yield. Perfect for retired seniors.
BRE controls major reat estate brokers such as Royal Lepage, Via Capitale, Johnston & Daniel, etc...
Even during Covid19 when everything was closed the monthly dividend got paid. That is the way Brookfield does business. No written "guaratee" anywhere, just a moral obligation to protect their name. That is good enough for me.