Brookfield Asset Management Ltd. (BAM) to Issue Quarterly Dividend of $0.50 on June 30th

Brookfield Asset Management Ltd. (TSE:BAM – Get Free Report) (NYSE:BAM) declared a quarterly dividend on Friday, May 29th, TickerTech Dividends reports. Investors of record on Tuesday, June 30th will be paid a dividend of 0.5025 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Friday, May 29th.

Brookfield Asset Management Trading Up 1.4%

TSE BAM opened at C$67.90 on Wednesday. The company has a market capitalization of C$108.42 billion, a PE ratio of 43.53, a P/E/G ratio of 0.43 and a beta of 1.31. The company has a fifty day moving average of C$63.92 and a 200 day moving average of C$68.33. Brookfield Asset Management has a 1 year low of C$58.09 and a 1 year high of C$88.12. The company has a debt-to-equity ratio of 38.61, a current ratio of 1.68 and a quick ratio of 0.95.

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Brookfield Asset Management (TSE:BAM – Get Free Report) (NYSE:BAM) last posted its earnings results on Friday, May 8th. The company reported C$0.53 earnings per share (EPS) for the quarter. The company had revenue of C$1.98 billion during the quarter. Brookfield Asset Management had a net margin of 50.81% and a return on equity of 30.06%. Research analysts forecast that Brookfield Asset Management will post 2.5564428 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. TD Securities decreased their target price on shares of Brookfield Asset Management from C$76.00 to C$75.00 and set a “buy” rating for the company in a research report on Tuesday, January 27th. Royal Bank Of Canada upgraded shares of Brookfield Asset Management to a “moderate buy” rating in a research report on Monday, May 11th. Finally, BMO Capital Markets upgraded shares of Brookfield Asset Management from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 5th. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of C$75.00.

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Brookfield Asset Management Company Profile

(Get Free Report)

Brookfield Asset Management Ltd. (NYSE: BAM, TSX: BAM) is a leading global alternative asset manager, headquartered in New York, with over $1 trillion of assets under management across infrastructure, energy, private equity, real estate, and credit. We invest client capital for the long-term with a focus on real assets and essential service businesses that form the backbone of the global economy. We offer a range of alternative investment products to investors around the world – including public and private pension plans, endowments and foundations, sovereign wealth funds, financial institutions, insurance companies and private wealth investors.

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