Brookfield Asset Management Inc Declares Quarterly Dividend of $0.15 (BAM)
Brookfield Asset Management Inc (NYSE:BAM) (TSE:BAM.A) announced a quarterly dividend on Thursday, August 9th, Zacks reports. Investors of record on Friday, August 31st will be paid a dividend of 0.15 per share by the financial services provider on Friday, September 28th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date of this dividend is Thursday, August 30th.
Brookfield Asset Management has raised its dividend by an average of 7.3% annually over the last three years and has raised its dividend every year for the last 6 years.
Shares of Brookfield Asset Management stock traded up $0.36 during trading on Friday, reaching $43.20. 569,552 shares of the company were exchanged, compared to its average volume of 884,354. The company has a quick ratio of 1.01, a current ratio of 1.26 and a debt-to-equity ratio of 1.05. Brookfield Asset Management has a twelve month low of $37.22 and a twelve month high of $44.33. The stock has a market cap of $42.35 billion, a PE ratio of 15.93 and a beta of 1.08.
A number of research analysts have issued reports on the company. Royal Bank of Canada boosted their target price on Brookfield Asset Management from $46.00 to $47.00 and gave the company an “outperform” rating in a research note on Friday, August 10th. Scotiabank reissued a “buy” rating and issued a $50.50 target price on shares of Brookfield Asset Management in a research note on Tuesday, August 7th. Finally, TD Securities boosted their target price on Brookfield Asset Management from $54.00 to $55.00 and gave the company a “buy” rating in a research note on Monday, May 14th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $49.80.
Brookfield Asset Management Company Profile
Brookfield Asset Management Inc is a publicly owned asset management holding company. Through its subsidiaries, the firm invests in the property, power, and infrastructure sectors. Its property business includes owning and managing office properties, developing master planned residential communities, and offering clients bridge and mezzanine lending, alternative assets funds, and financial and advisory services.
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