Brookfield Asset Management Ltd. (NYSE:BAM) Announces Quarterly Dividend of $0.50

Brookfield Asset Management Ltd. (NYSE:BAM) (TSE:BAM.A) announced a quarterly dividend on Friday, May 8th. Stockholders 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) annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend is Friday, May 29th.

Brookfield Asset Management has a dividend payout ratio of 105.2% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Brookfield Asset Management to earn $2.04 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 98.5%.

Brookfield Asset Management Price Performance

Shares of Brookfield Asset Management stock opened at $49.71 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.92 and a current ratio of 0.92. The firm’s 50-day simple moving average is $45.90 and its 200-day simple moving average is $50.13. Brookfield Asset Management has a twelve month low of $42.20 and a twelve month high of $64.10. The firm has a market cap of $81.44 billion, a P/E ratio of 32.71, a price-to-earnings-growth ratio of 2.01 and a beta of 1.28.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last issued its earnings results on Wednesday, February 4th. The financial services provider reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.06. Brookfield Asset Management had a net margin of 51.59% and a return on equity of 29.81%. The business had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.40 billion. As a group, research analysts expect 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.