Brookfield Asset Management Ltd. (TSE:BAM) Announces Quarterly Dividend of $0.38

Brookfield Asset Management Ltd. (TSE:BAM) (NYSE:BAM) declared a quarterly dividend on Monday, November 4th,TickerTech Dividends reports. Investors 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 annualized dividend and a yield of 1.89%. The ex-dividend date of this dividend is Friday, November 29th.

Brookfield Asset Management Stock Down 1.3 %

TSE:BAM opened at C$80.32 on Thursday. Brookfield Asset Management has a twelve month low of C$45.48 and a twelve month high of C$81.87. The firm has a market capitalization of C$33.64 billion and a price-to-earnings ratio of 53.55. The company has a quick ratio of 0.95, a current ratio of 0.85 and a debt-to-equity ratio of 6.32. The stock’s 50 day moving average price is C$71.03 and its two-hundred day moving average price is C$60.21.

Analysts Set New Price Targets

Separately, Wells Fargo & Company upgraded shares of Brookfield Asset Management to a “strong sell” rating in a report on Thursday, September 12th.

Insider Activity

In related news, Director Brian William Kingston sold 281,250 shares of the stock in a transaction 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. 14.10% of the stock is owned by insiders.

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.