Brookfield Asset Management Ltd. (TSE:BAM) Senior Officer Sells C$7,840,793.92 in Stock

Brookfield Asset Management Ltd. (TSE:BAM) (NYSE:BAM) Senior Officer Craig Noble sold 197,348 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of C$39.73, for a total value of C$7,840,793.92.

Brookfield Asset Management Stock Up 0.2 %

BAM traded up C$0.10 on Wednesday, reaching C$54.63. The company’s stock had a trading volume of 264,416 shares, compared to its average volume of 920,868. The stock has a 50 day moving average of C$55.13 and a two-hundred day moving average of C$52.24. The company has a quick ratio of 0.95, a current ratio of 4.39 and a debt-to-equity ratio of 1.73. The company has a market capitalization of C$21.24 billion and a price-to-earnings ratio of 35.31. Brookfield Asset Management Ltd. has a fifty-two week low of C$39.38 and a fifty-two week high of C$58.19.

Brookfield Asset Management Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, May 31st will be issued a $0.524 dividend. This is an increase from Brookfield Asset Management’s previous quarterly dividend of $0.38. This represents a $2.10 annualized dividend and a dividend yield of 3.84%. The ex-dividend date is Friday, May 31st. Brookfield Asset Management’s dividend payout ratio is presently 133.55%.

About Brookfield Asset Management

Brookfield Asset Management Ltd. is a real estate investment firm specializing in alternative asset management services. Its renewable power and transition business includes the operates in the hydroelectric, wind, solar, distributed generation, and sustainable solution sector. The company's infrastructure business engages in the utilities, transport, midstream, and data infrastructure sectors.