Brookfield Asset Management Ltd. Plans Quarterly Dividend of $0.50 (TSE:BAM)

Brookfield Asset Management Ltd. (TSE:BAM) (NYSE:BAM) declared a quarterly dividend on Friday, May 29th, TickerTech Dividends reports. Investors of record on Tuesday, June 30th will be given a dividend of 0.5025 per share on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Friday, May 29th.

Brookfield Asset Management Stock Performance

BAM opened at C$67.90 on Wednesday. The stock has a market capitalization of C$108.42 billion, a price-to-earnings ratio of 43.53, a PEG ratio of 0.43 and a beta of 1.31. The company has a fifty day moving average of C$63.92 and a 200 day moving average of C$68.33. Brookfield Asset Management has a fifty-two week low of C$58.09 and a fifty-two week high of C$88.12. The company has a debt-to-equity ratio of 38.61, a quick ratio of 0.95 and a current ratio of 1.68.

Brookfield Asset Management (TSE:BAM) (NYSE:BAM) last released its quarterly earnings data on Friday, May 8th. The company reported C$0.53 EPS for the quarter. Brookfield Asset Management had a net margin of 50.81% and a return on equity of 30.06%. The business had revenue of C$1.98 billion during the quarter. As a group, sell-side analysts forecast that Brookfield Asset Management will post 2.5564428 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have commented on BAM shares. TD Securities lowered their price objective on shares of Brookfield Asset Management from C$76.00 to C$75.00 and set a “buy” rating for the company in a research report on Tuesday, January 27th. BMO Capital Markets upgraded shares of Brookfield Asset Management from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 5th. Finally, Royal Bank Of Canada upgraded shares of Brookfield Asset Management to a “moderate buy” rating in a research report on Monday, May 11th. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of C$75.00.

Brookfield Asset Management Company Profile

Brookfield Asset Management Ltd. (NYSE: BAM, TSX: BAM) is a leading global alternative asset manager, headquartered in New York, with over $1 trillion of assets under management across infrastructure, energy, private equity, real estate, and credit. We invest client capital for the long-term with a focus on real assets and essential service businesses that form the backbone of the global economy. We offer a range of alternative investment products to investors around the world – including public and private pension plans, endowments and foundations, sovereign wealth funds, financial institutions, insurance companies and private wealth investors.