Brookfield Asset Management Ltd. (NYSE:BAM) Shareholders to Get $0.50 Quarterly Dividend

Brookfield Asset Management Ltd. (NYSE:BAM) (TSE:BAM.A) declared a quarterly dividend on Friday, November 6th. Stockholders of record on Monday, November 30th will be paid a dividend of $0.5025 per share by the financial services provider on Thursday, December 31st. This represents a $2.01 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend is Monday, November 30th.

Brookfield Asset Management has a 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 $2.05 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 98.0%.

Brookfield Asset Management Stock Up 1.0%

Shares of BAM stock traded up $0.54 on Friday, reaching $53.00. 7,966,901 shares of the company were exchanged, compared to its average volume of 3,171,020. The company has a market cap of $86.83 billion, a price-to-earnings ratio of 30.81, a PEG ratio of 2.29 and a beta of 1.27. The company has a 50-day moving average of $47.17 and a 200-day moving average of $47.84. 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 has a one year low of $42.20 and a one year high of $55.97.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last issued its earnings results on Friday, November 6th. The financial services provider reported $0.47 EPS for the quarter, beating the consensus estimate of $0.46 by $0.01. Brookfield Asset Management had a return on equity of 31.50% and a net margin of 48.89%. The company had revenue of $2.15 billion during the quarter, compared to the consensus estimate of $1.60 billion. Analysts anticipate that Brookfield Asset Management will post 1.77 earnings per share for the current year.

About Brookfield Asset Management

Brookfield Asset Management is a global alternative asset manager that invests in and manages assets on behalf of institutional and private wealth clients. Its investment strategies span infrastructure, renewable power and transition, private equity, real estate, and credit.

The company operates across North America, South America, Europe, the Middle East, and Asia-Pacific. Its businesses invest in and manage assets such as energy and transportation infrastructure, renewable power facilities, real estate, and companies across a range of industries.

Brookfield Asset Management became a separately listed company in 2022, following the separation of Brookfield Corporation’s asset management business.