Brookfield Asset Management Ltd. (TSE:BAM) Director Sells C$1,668,727.26 in Stock

Brookfield Asset Management Ltd. (TSE:BAM) (NYSE:BAM) Director Justin B. Beber sold 43,937 shares of the firm’s 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.

Brookfield Asset Management Stock Performance

BAM opened at C$52.33 on Friday. The company has a current ratio of 0.84, a quick ratio of 0.95 and a debt-to-equity ratio of 11.63. The company has a market cap of C$20.44 billion and a price-to-earnings ratio of 35.84. The company’s 50 day moving average is C$53.48 and its 200 day moving average is C$53.95. Brookfield Asset Management Ltd. has a 12-month low of C$39.38 and a 12-month high of C$58.19.

Brookfield Asset Management (TSE:BAM) (NYSE:BAM) last posted its quarterly earnings data on Wednesday, May 8th. The company reported C$0.46 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of C$0.46. The company 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%. On average, equities research analysts predict that Brookfield Asset Management Ltd. will post 2.1064726 EPS for the current year.

Brookfield Asset Management Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 28th will be issued a $0.524 dividend. This is an increase from Brookfield Asset Management’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Friday, May 31st. This represents a $2.10 dividend on an annualized basis and a dividend yield of 4.01%. Brookfield Asset Management’s dividend payout ratio (DPR) is presently 143.15%.

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.