Brookfield Asset Management Ltd. (TSE:BAM) Declares $0.50 Quarterly Dividend

Brookfield Asset Management Ltd. (TSE:BAM) (NYSE:BAM) announced a quarterly dividend on Friday, May 29th, TickerTech Dividends reports. Stockholders of record on Tuesday, June 30th will be given a dividend of 0.5025 per share on Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Friday, May 29th.

Brookfield Asset Management Price Performance

Brookfield Asset Management stock opened at C$67.90 on Wednesday. The firm has a 50-day moving average price of C$63.92 and a 200-day moving average price of C$68.33. The firm has a market capitalization of C$108.42 billion, a PE ratio of 43.53, a price-to-earnings-growth ratio of 0.43 and a beta of 1.31. The company has a current ratio of 1.68, a quick ratio of 0.95 and a debt-to-equity ratio of 38.61. Brookfield Asset Management has a 12-month low of C$58.09 and a 12-month high of C$88.12.

Brookfield Asset Management (TSE:BAM) (NYSE:BAM) last released its earnings results on Friday, May 8th. The company reported C$0.53 earnings per share (EPS) for the quarter. The firm 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%. As a group, equities research analysts forecast that Brookfield Asset Management will post 2.5564428 EPS for the current year.

Analyst Upgrades and Downgrades

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

Brookfield Asset Management Company Profile

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.