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

Key Points

• Brookfield Asset Management announced a quarterly dividend of $0.5025 per share, payable on June 30 to shareholders of record on May 29. The stock’s annualized dividend yield is about 4.0%.
• The company’s dividend payout ratio is 105.2%, suggesting it is currently not fully covering the dividend with earnings alone. However, analysts expect earnings to improve enough to support the $2.01 annual dividend next year.
• Brookfield also reported Q1 earnings of $0.43 per share, slightly above consensus estimates of $0.42. The stock rose to $49.71 in Friday trading amid above-average volume.

Brookfield Asset Management Ltd. (NYSE:BAM - Get Free Report) 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) dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date is Friday, May 29th.

Brookfield Asset Management has a dividend 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 $2.05 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 Price Performance

Shares of BAM traded up $0.92 during trading hours on Friday, reaching $49.71. 5,983,270 shares of the company's stock traded hands, compared to its average volume of 3,636,004. The stock has a market cap of $81.44 billion, a PE ratio of 32.71, a price-to-earnings-growth ratio of 2.00 and a beta of 1.28. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.05. 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 12 month low of $42.20 and a 12 month high of $64.10.

Brookfield Asset Management (NYSE:BAM - Get Free Report) TSE: BAM.A last issued its quarterly earnings results on Friday, May 8th. The financial services provider reported $0.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.42 by $0.01. Brookfield Asset Management had a return on equity of 29.81% and a net margin of 51.59%. Equities analysts expect that Brookfield Asset Management will post 1.74 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.

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