Brookfield Asset Management Inc to Issue Quarterly Dividend of $0.15 (BAM)

Brookfield Asset Management Inc (NYSE:BAM) (TSE:BAM.A) declared a quarterly dividend on Thursday, February 15th, RTT News reports. Shareholders of record on Wednesday, February 28th will be given a dividend of 0.15 per share by the financial services provider on Thursday, March 29th. This represents a $0.60 dividend on an annualized basis and a yield of 1.55%.

Brookfield Asset Management has raised its dividend payment by an average of 7.3% per year over the last three years and has increased its dividend annually for the last 6 consecutive years.

Shares of Brookfield Asset Management (BAM) opened at $38.80 on Thursday. Brookfield Asset Management has a 12-month low of $35.30 and a 12-month high of $44.33. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.29 and a quick ratio of 1.01. The stock has a market cap of $37,444.44, a P/E ratio of 86.22 and a beta of 0.98.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last posted its quarterly earnings results on Thursday, February 15th. The financial services provider reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $1.13. Brookfield Asset Management had a net margin of 1.70% and a return on equity of 0.86%. The company had revenue of $13.07 billion for the quarter, compared to analyst estimates of $5.31 billion. During the same quarter in the previous year, the firm posted $0.23 earnings per share. The company’s quarterly revenue was up 88.4% compared to the same quarter last year.

Several research firms have recently issued reports on BAM. TheStreet lowered shares of Brookfield Asset Management from a “b-” rating to a “c+” rating in a research report on Thursday, January 25th. Royal Bank of Canada boosted their price target on shares of Brookfield Asset Management from $43.00 to $45.00 and gave the company an “outperform” rating in a research report on Friday, November 10th. Citigroup lowered their price target on shares of Brookfield Asset Management from $50.00 to $49.50 and set a “buy” rating on the stock in a research report on Friday, November 10th. Finally, Scotiabank boosted their price target on shares of Brookfield Asset Management from $44.75 to $45.50 and gave the company an “outperform” rating in a research report on Friday, November 10th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Brookfield Asset Management currently has an average rating of “Buy” and a consensus target price of $47.00.

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About Brookfield Asset Management

Brookfield Asset Management Inc is an alternative asset manager. The Company operates in eight segments. The Asset Management segment manages its listed partnerships, private funds and public markets on behalf of its clients. The Property segment includes the ownership, operation and development of office, retail and other properties.

Dividend History for Brookfield Asset Management (NYSE:BAM)

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