Brookfield Asset Management Ltd. (TSE:BAM) Increases Dividend to $0.53 Per Share

Brookfield Asset Management Ltd. (TSE:BAM) (NYSE:BAM) announced a quarterly dividend on Wednesday, August 7th, Zacks reports. Stockholders of record on Friday, August 30th will be given a dividend of 0.525 per share on Friday, September 27th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 3.86%. The ex-dividend date is Friday, August 30th. This is a positive change from Brookfield Asset Management’s previous quarterly dividend of $0.52.

Brookfield Asset Management Trading Up 2.5 %

BAM opened at C$54.42 on Friday. The stock has a market capitalization of C$21.26 billion and a PE ratio of 37.27. The company has a debt-to-equity ratio of 11.63, a current ratio of 0.84 and a quick ratio of 0.95. Brookfield Asset Management has a 12-month low of C$39.38 and a 12-month high of C$61.22. The firm’s fifty day moving average price is C$54.40 and its 200 day moving average price is C$54.72.

Brookfield Asset Management (TSE:BAM) (NYSE:BAM) last issued its quarterly earnings results on Wednesday, May 8th. The company reported C$0.46 EPS for the quarter, hitting the consensus estimate of C$0.46. The business had revenue of C$1.19 billion for the quarter. Brookfield Asset Management had a net margin of 45.32% and a return on equity of 18.79%. As a group, research analysts expect that Brookfield Asset Management will post 2.1064726 EPS for the current fiscal year.

Insider Activity at Brookfield Asset Management

In other Brookfield Asset Management news, Director Justin B. Beber sold 43,937 shares of the stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of C$37.98, for a total transaction of C$1,668,727.26. 14.11% of the stock is owned by corporate insiders.

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.