Brookfield Asset Management Ltd. (BAM) to Issue Quarterly Dividend of $0.50 on June 30th

Brookfield Asset Management Ltd. (NYSE:BAM) (TSE:BAM.A) announced a quarterly dividend on Friday, May 8th. Investors of record on Friday, May 29th will be paid a dividend of 0.5025 per share by the financial services provider on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 4.0%. The ex-dividend date is Friday, May 29th.

Brookfield Asset Management has a payout ratio of 105.2% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Brookfield Asset Management to earn $2.03 per share next year, which means the company should continue to be able to cover its $2.01 annual dividend with an expected future payout ratio of 99.0%.

Brookfield Asset Management Trading Up 1.9%

Shares of BAM stock opened at $49.71 on Friday. The firm has a market capitalization of $81.44 billion, a P/E ratio of 32.28, a P/E/G ratio of 2.05 and a beta of 1.28. Brookfield Asset Management has a twelve month low of $42.20 and a twelve month high of $64.10. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.05. The stock’s fifty day simple moving average is $45.90 and its 200 day simple moving average is $50.13.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last issued its quarterly earnings data on Friday, May 8th. The financial services provider reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.02. The business had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.43 billion. Brookfield Asset Management had a return on equity of 29.81% and a net margin of 51.59%. As a group, sell-side analysts predict that Brookfield Asset Management will post 1.73 EPS for the current fiscal year.

About Brookfield Asset Management

Brookfield Asset Management is a global alternative asset manager headquartered in Toronto, Canada, that specializes in investments in real assets and related private equity and credit strategies. The firm acquires, manages and develops assets in sectors such as real estate, renewable power, infrastructure and private equity, seeking long-term value through active asset management and operational improvements. Brookfield structures and manages commingled funds, listed partnerships and separate accounts for institutional and retail investors.

The company’s products and services include fund management across equity and debt strategies, direct asset ownership and operations, property and facilities management, and capital markets solutions.