Brookfield Asset Management Ltd. (TSE:BAM) Plans Quarterly Dividend of $0.44

Brookfield Asset Management Ltd. (TSE:BAM) (NYSE:BAM) announced a quarterly dividend on Friday, February 28th, TickerTech Dividends reports. Investors of record on Monday, March 31st will be given a dividend of 0.4375 per share on Monday, March 31st. This represents a $1.75 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date is Friday, February 28th. This is a boost from Brookfield Asset Management’s previous quarterly dividend of $0.38.

Brookfield Asset Management Stock Performance

TSE BAM traded up C$1.58 during trading hours on Wednesday, reaching C$83.01. 81,496 shares of the company’s stock were exchanged, compared to its average volume of 920,786. Brookfield Asset Management has a one year low of C$51.14 and a one year high of C$90.24. The company’s 50-day moving average is C$81.27 and its two-hundred day moving average is C$71.97. The company has a market capitalization of C$97.46 billion and a price-to-earnings ratio of 28.56.

Insiders Place Their Bets

In other Brookfield Asset Management news, Director Justin B. Beber sold 25,000 shares of the company’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of C$83.87, for a total value of C$2,096,630.00. Insiders own 14.10% of the company’s stock.

Analyst Ratings Changes

BAM has been the subject of several research analyst reports. UBS Group reissued a “buy” rating on shares of Brookfield Asset Management in a research note on Monday, December 16th. Hsbc Global Res upgraded shares of Brookfield Asset Management from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 14th.

Brookfield Asset Management Company Profile

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.