Brookfield Asset Management Ltd. (TSE:BAM) Director Justin B. Beber Sells 43,937 Shares

Brookfield Asset Management Ltd. (TSE:BAM) (NYSE:BAM) Director Justin B. Beber sold 43,937 shares of the company’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of C$37.98, for a total value of C$1,668,727.26.

Brookfield Asset Management Trading Up 0.5 %

Shares of TSE:BAM opened at C$52.33 on Friday. Brookfield Asset Management Ltd. has a 1 year low of C$39.38 and a 1 year high of C$58.19. The firm has a market capitalization of C$20.44 billion and a price-to-earnings ratio of 35.84. The company has a debt-to-equity ratio of 11.63, a current ratio of 0.84 and a quick ratio of 0.95. The business’s 50 day moving average price is C$53.48 and its 200-day moving average price is C$53.95.

Brookfield Asset Management (TSE:BAM) (NYSE:BAM) last announced its earnings results on Wednesday, May 8th. The company reported C$0.46 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of C$0.46. Brookfield Asset Management had a return on equity of 18.79% and a net margin of 45.32%. The firm had revenue of C$1.19 billion for the quarter. On average, equities research analysts forecast that Brookfield Asset Management Ltd. will post 2.1064726 earnings per share for the current fiscal year.

Brookfield Asset Management Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 28th will be given a dividend of $0.524 per share. This is a positive change from Brookfield Asset Management’s previous quarterly dividend of $0.38. The ex-dividend date is Friday, May 31st. This represents a $2.10 dividend on an annualized basis and a dividend yield of 4.01%. Brookfield Asset Management’s dividend payout ratio (DPR) is 143.15%.

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.