Shares of Brookfield Asset Management Inc (TSE:BAM.A) (NYSE:BAM) reached a new 52-week high on Wednesday . The company traded as high as C$62.19 and last traded at C$61.25, with a volume of 816924 shares. The stock had previously closed at C$61.44.
The company has a debt-to-equity ratio of 121.21, a quick ratio of 0.79 and a current ratio of 1.11. The firm has a market capitalization of $57.87 billion and a price-to-earnings ratio of 23.68.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, March 29th will be issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date is Wednesday, February 27th. This is a positive change from Brookfield Asset Management’s previous quarterly dividend of $0.15. Brookfield Asset Management’s dividend payout ratio is 32.17%.
In related news, insider Brookfield Asset Management Inc. purchased 302,294 shares of the firm’s stock in a transaction dated Wednesday, December 26th. The shares were purchased at an average price of C$48.90 per share, with a total value of C$14,780,877.94. Following the acquisition, the insider now directly owns 1,545,958 shares of the company’s stock, valued at C$75,590,704.76. Insiders have purchased a total of 1,036,173 shares of company stock worth $52,866,278 in the last ninety days.
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About Brookfield Asset Management (TSE:BAM.A)
Brookfield Asset Management Inc is a publicly owned asset management holding company. Through its subsidiaries, the firm invests in the property, power, and infrastructure sectors. Its property business includes owning and managing office properties, developing master planned residential communities, and offering clients bridge and mezzanine lending, alternative assets funds, and financial and advisory services.
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