Brookfield Asset Management Ltd. (BAM) to Issue Quarterly Dividend of $0.44 on December 31st

Brookfield Asset Management Ltd. (NYSE:BAM) (TSE:BAM.A) announced a quarterly dividend on Friday, November 7th. Shareholders of record on Friday, November 28th will be given a dividend of 0.4375 per share by the financial services provider on Wednesday, December 31st. This represents a c) dividend on an annualized basis and a yield of 3.3%. The ex-dividend date is Friday, November 28th.

Brookfield Asset Management has a dividend payout ratio of 91.6% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities analysts expect Brookfield Asset Management to earn $1.99 per share next year, which means the company should continue to be able to cover its $1.75 annual dividend with an expected future payout ratio of 87.9%.

Brookfield Asset Management Stock Performance

Shares of Brookfield Asset Management stock opened at $52.97 on Friday. Brookfield Asset Management has a one year low of $41.78 and a one year high of $64.10. The company has a market cap of $86.75 billion, a PE ratio of 35.55, a P/E/G ratio of 2.04 and a beta of 1.38. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.25 and a current ratio of 1.25. The business has a 50-day simple moving average of $56.67 and a 200-day simple moving average of $57.37.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last issued its earnings results on Friday, November 7th. The financial services provider reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.02. Brookfield Asset Management had a net margin of 55.92% and a return on equity of 41.12%. The firm had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.34 billion. On average, equities research analysts forecast that Brookfield Asset Management will post 1.7 EPS for the current fiscal year.

Institutional Trading of Brookfield Asset Management

Large investors have recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd increased its position in Brookfield Asset Management by 1,270.6% during the second quarter. Caitong International Asset Management Co. Ltd now owns 466 shares of the financial services provider’s stock worth $26,000 after buying an additional 432 shares during the period. Manchester Capital Management LLC boosted its holdings in shares of Brookfield Asset Management by 559.5% in the second quarter. Manchester Capital Management LLC now owns 521 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 442 shares during the period. Sagard Holdings Management Inc. purchased a new position in shares of Brookfield Asset Management during the second quarter worth approximately $39,000. Assetmark Inc. increased its holdings in shares of Brookfield Asset Management by 95.9% in the 3rd quarter. Assetmark Inc. now owns 807 shares of the financial services provider’s stock valued at $46,000 after acquiring an additional 395 shares during the period. Finally, GAMMA Investing LLC raised its position in Brookfield Asset Management by 93.3% in the 3rd quarter. GAMMA Investing LLC now owns 831 shares of the financial services provider’s stock valued at $47,000 after purchasing an additional 401 shares during the last quarter. 68.41% of the stock is owned by institutional investors and hedge funds.

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.