Brookfield Asset Management Ltd. (BAM) To Go Ex-Dividend on February 27th

Brookfield Asset Management Ltd. (NYSE:BAM) (TSE:BAM.A) declared a quarterly dividend on Wednesday, February 4th. Stockholders of record on Friday, February 27th will be paid a dividend of 0.5025 per share by the financial services provider on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend is Friday, February 27th. This is a 14.9% increase from Brookfield Asset Management’s previous quarterly dividend of $0.44.

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. Research analysts expect Brookfield Asset Management to earn $1.99 per share next year, which means the company may not be able to cover its $2.01 annual dividend with an expected future payout ratio of 101.0%.

Brookfield Asset Management Trading Up 1.2%

NYSE BAM opened at $48.48 on Wednesday. The firm has a market cap of $79.41 billion, a PE ratio of 31.89, a price-to-earnings-growth ratio of 1.75 and a beta of 1.40. Brookfield Asset Management has a 1-year low of $41.78 and a 1-year high of $64.10. The stock has a 50-day moving average of $51.90 and a 200-day moving average of $54.63. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.05.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last announced its quarterly earnings results on Wednesday, February 4th. The financial services provider reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.06. Brookfield Asset Management had a return on equity of 29.67% and a net margin of 51.59%.The business had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.40 billion. As a group, sell-side analysts forecast that Brookfield Asset Management will post 1.7 EPS 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.