Brookfield Asset Management Ltd. (BAM) to Issue Quarterly Dividend of $0.38 on December 31st

Brookfield Asset Management Ltd. (TSE:BAM) (NYSE:BAM) declared a quarterly dividend on Monday, November 4th,TickerTech Dividends reports. Shareholders of record on Friday, November 29th will be paid a dividend of 0.38 per share on Tuesday, December 31st. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date of this dividend is Friday, November 29th.

Brookfield Asset Management Price Performance

Shares of TSE BAM opened at C$81.34 on Wednesday. Brookfield Asset Management has a 1-year low of C$45.48 and a 1-year high of C$81.70. The company has a debt-to-equity ratio of 6.32, a current ratio of 0.85 and a quick ratio of 0.95. The business’s fifty day moving average price is C$70.58 and its two-hundred day moving average price is C$60.02. The firm has a market capitalization of C$34.07 billion and a PE ratio of 54.23.

Analyst Ratings Changes

Separately, Wells Fargo & Company raised Brookfield Asset Management to a “strong sell” rating in a research note on Thursday, September 12th.

Insider Transactions at Brookfield Asset Management

In other Brookfield Asset Management news, Director Brian William Kingston sold 281,250 shares of the firm’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of C$64.40, for a total value of C$18,111,093.75. Company insiders own 14.10% of the company’s stock.

About Brookfield Asset Management

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.