Brookfield Asset Management Ltd. to Issue Quarterly Dividend of $0.38 (TSE:BAM)

Brookfield Asset Management Ltd. (TSE:BAM) (NYSE:BAM) announced a quarterly dividend on Monday, November 4th, TickerTech reports. Shareholders of record on Friday, November 29th will be given a dividend of 0.38 per share on Tuesday, December 31st. This represents a $1.52 annualized dividend and a dividend yield of 2.00%. The ex-dividend date is Friday, November 29th.

Brookfield Asset Management Stock Performance

TSE:BAM opened at C$76.10 on Tuesday. The business’s fifty day moving average is C$63.23 and its 200 day moving average is C$57.41. The firm has a market cap of C$31.87 billion and a price-to-earnings ratio of 50.73. The company has a debt-to-equity ratio of 6.32, a quick ratio of 0.95 and a current ratio of 0.85. Brookfield Asset Management has a 52-week low of C$42.09 and a 52-week high of C$79.65.

Brookfield Asset Management (TSE:BAM) (NYSE:BAM) last posted its earnings results on Wednesday, August 7th. The company reported C$0.47 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.48 by C($0.01). The business had revenue of C$1.57 billion during the quarter, compared to analyst estimates of C$1.61 billion. Research analysts predict that Brookfield Asset Management will post 2.5564428 EPS for the current year.

Insider Transactions at Brookfield Asset Management

In related news, Director Brian William Kingston sold 281,250 shares of the stock in a transaction on Friday, September 20th. The stock was sold at an average price of C$64.40, for a total value of C$18,111,093.75. In other Brookfield Asset Management news, Director Brian William Kingston sold 281,250 shares of the company’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of C$64.40, for a total value of C$18,111,093.75. Also, Senior Officer Anuj Ranjan sold 112,500 shares of the stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of C$39.63, for a total transaction of C$4,458,375.00. 14.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company upgraded shares of Brookfield Asset Management to a “strong sell” rating in a research report on Thursday, September 12th.

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.