Brookfield Asset Management Ltd. (BAM) to Issue Quarterly Dividend of $0.50 on September 29th

Brookfield Asset Management Ltd. (NYSE:BAM) (TSE:BAM.A) announced a quarterly dividend on Tuesday, August 4th. Stockholders of record on Monday, August 31st will be given a dividend of 0.5025 per share by the financial services provider on Tuesday, September 29th. This represents a c) annualized dividend and a dividend yield of 3.9%. The ex-dividend date is Monday, August 31st.

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 $2.07 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 97.1%.

Brookfield Asset Management Price Performance

Shares of NYSE BAM opened at $52.13 on Friday. Brookfield Asset Management has a 1 year low of $42.20 and a 1 year high of $62.57. The stock has a market capitalization of $85.40 billion, a P/E ratio of 30.31, a P/E/G ratio of 2.13 and a beta of 1.26. The company’s 50-day moving average is $49.09 and its 200 day moving average is $47.89. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.75 and a quick ratio of 0.75.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last issued its quarterly earnings data on Wednesday, August 5th. The financial services provider reported $0.44 EPS for the quarter, topping the consensus estimate of $0.43 by $0.01. The business had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.47 billion. Brookfield Asset Management had a net margin of 48.89% and a return on equity of 31.50%. On average, sell-side analysts expect that Brookfield Asset Management will post 1.78 earnings per share for the current 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.