Brookfield Asset Management Ltd. (BAM) to Issue Quarterly Dividend of $0.50 on September 29th

Brookfield Asset Management Ltd. (NYSE:BAM) (TSE:BAM.A) declared a quarterly dividend on Tuesday, August 4th. Shareholders of record on Monday, August 31st will be paid a dividend of 0.5025 per share by the financial services provider on Tuesday, September 29th. This represents a c) dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend is Monday, August 31st.

Brookfield Asset Management has a payout ratio of 105.2% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Brookfield Asset Management to earn $2.03 per share next year, which means the company should continue to be able to cover its $2.01 annual dividend with an expected future payout ratio of 99.0%.

Brookfield Asset Management Stock Up 1.0%

Shares of Brookfield Asset Management stock traded up $0.55 on Thursday, hitting $53.18. The company had a trading volume of 149,682 shares, compared to its average volume of 3,288,042. The stock has a 50-day moving average of $47.16 and a 200-day moving average of $47.60. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.38 and a quick ratio of 1.38. Brookfield Asset Management has a twelve month low of $42.20 and a twelve month high of $63.54. The firm has a market capitalization of $87.11 billion, a P/E ratio of 34.56, a P/E/G ratio of 2.11 and a beta of 1.26.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last issued its quarterly earnings data on Wednesday, August 5th. The financial services provider reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. Brookfield Asset Management had a net margin of 49.69% and a return on equity of 30.66%. The business had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.47 billion. Research analysts predict that Brookfield Asset Management will post 1.76 earnings per share for the current year.

About Brookfield Asset Management

Brookfield Asset Management is a global alternative asset manager headquartered in Toronto, Canada, that specializes in investments in real assets and related private equity and credit strategies. The firm acquires, manages and develops assets in sectors such as real estate, renewable power, infrastructure and private equity, seeking long-term value through active asset management and operational improvements. Brookfield structures and manages commingled funds, listed partnerships and separate accounts for institutional and retail investors.

The company’s products and services include fund management across equity and debt strategies, direct asset ownership and operations, property and facilities management, and capital markets solutions.