Brookfield Asset Management Ltd. (BAM) to Issue Quarterly Dividend of $0.44 on March 31st

Brookfield Asset Management Ltd. (TSE:BAM) (NYSE:BAM) announced a quarterly dividend on Friday, February 28th, TickerTech Dividends reports. Shareholders of record on Monday, March 31st will be given a dividend of 0.4375 per share on Monday, March 31st. This represents a $1.75 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date is Friday, February 28th. This is an increase from Brookfield Asset Management’s previous quarterly dividend of $0.38.

Brookfield Asset Management Stock Performance

Shares of BAM stock traded up C$1.54 during midday trading on Wednesday, reaching C$82.97. 90,415 shares of the company were exchanged, compared to its average volume of 921,024. The company’s 50 day moving average price is C$81.27 and its two-hundred day moving average price is C$71.97. The company has a market cap of C$97.41 billion and a P/E ratio of 28.55. Brookfield Asset Management has a 12 month low of C$51.14 and a 12 month high of C$90.24.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. UBS Group reissued a “buy” rating on shares of Brookfield Asset Management in a research note on Monday, December 16th. Hsbc Global Res raised Brookfield Asset Management from a “hold” rating to a “strong-buy” rating in a report on Friday, February 14th.

Insider Buying and Selling at Brookfield Asset Management

In other news, Director Justin B. Beber sold 25,000 shares of the stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of C$83.87, for a total transaction of C$2,096,630.00. Company insiders own 14.10% of the company’s stock.

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.