Brookfield Asset Management Inc (TSE:BAM.A) (NYSE:BAM) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$63.83 and last traded at C$63.81, with a volume of 312760 shares. The stock had previously closed at C$63.23.
The stock has a market cap of $61.09 billion and a P/E ratio of 25.08. The company has a current ratio of 1.11, a quick ratio of 0.79 and a debt-to-equity ratio of 121.21.
The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 29th were issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date was Wednesday, February 27th. This is a positive change from Brookfield Asset Management’s previous quarterly dividend of $0.15. Brookfield Asset Management’s dividend payout ratio (DPR) is 32.17%.
In other news, Director Timothy Robert Price sold 100,000 shares of Brookfield Asset Management stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of C$61.76, for a total value of C$6,176,300.00. Following the completion of the transaction, the director now directly owns 3,771,794 shares of the company’s stock, valued at approximately C$232,957,312.82.
About Brookfield Asset Management (TSE:BAM.A)
Brookfield Asset Management Inc is a publicly owned asset management holding company. The firm specializes in early stage, acquisition, distressed investments, short-term financing to mid-market companies, corporate carve-outs, recapitalizations, convertible, senior and mezzanine financings, operational and capital structure restructuring, strategic re-direction, turnaround, and under-performing midmarket companies.
See Also: Mutual Funds
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