Brookfield Asset Management Ltd. (TSE:BAM - Get Free Report) NYSE: BAM Senior Officer Craig Noble sold 197,348 shares of Brookfield Asset Management stock in a transaction dated Friday, May 10th. The shares were sold at an average price of C$39.73, for a total transaction of C$7,840,793.92.
Brookfield Asset Management Price Performance
Brookfield Asset Management stock traded down C$0.07 during trading hours on Wednesday, hitting C$54.46. 772,792 shares of the stock were exchanged, compared to its average volume of 926,377. Brookfield Asset Management Ltd. has a 12 month low of C$39.38 and a 12 month high of C$58.19. The business's 50-day moving average is C$55.13 and its two-hundred day moving average is C$52.24. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.95 and a current ratio of 4.39. The stock has a market capitalization of C$21.17 billion and a P/E ratio of 35.14.
Brookfield Asset Management Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, May 31st will be given a dividend of $0.524 per share. This is an increase from Brookfield Asset Management's previous quarterly dividend of $0.38. The ex-dividend date is Friday, May 31st. This represents a $2.10 annualized dividend and a yield of 3.85%. Brookfield Asset Management's dividend payout ratio is 133.55%.
About Brookfield Asset Management
(
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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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