Brookfield Asset Management Ltd. (TSE:BAM – Get Free Report) (NYSE:BAM) declared a quarterly dividend on Friday, February 28th, TickerTech Dividends reports. Shareholders of record on Monday, March 31st will be paid a dividend of 0.4375 per share on Monday, March 31st. This represents a $1.75 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date of this dividend is Friday, February 28th. This is a positive change from Brookfield Asset Management’s previous quarterly dividend of $0.38.
Brookfield Asset Management Stock Performance
Shares of BAM traded up C$1.31 during mid-day trading on Wednesday, hitting C$82.74. The company’s stock had a trading volume of 108,035 shares, compared to its average volume of 921,727. The stock’s 50-day moving average is C$81.27 and its two-hundred day moving average is C$71.97. The firm has a market capitalization of C$97.14 billion and a PE ratio of 28.47. Brookfield Asset Management has a one year low of C$51.14 and a one year high of C$90.24.
Analysts Set New Price Targets
BAM has been the subject of a number of research reports. UBS Group reiterated a “buy” rating on shares of Brookfield Asset Management in a research report on Monday, December 16th. Hsbc Global Res upgraded shares of Brookfield Asset Management from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 14th.
Insider Buying and Selling at Brookfield Asset Management
In other news, Director Justin B. Beber sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of C$83.87, for a total value of C$2,096,630.00. Insiders own 14.10% of the company’s stock.
Brookfield Asset Management Company Profile
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.
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