Brookfield Asset Management Ltd. (BAM) To Go Ex-Dividend on November 30th

Brookfield Asset Management Ltd. (NYSE:BAM) (TSE:BAM.A) announced a quarterly dividend on Friday, November 6th. Stockholders of record on Monday, November 30th will be given a dividend of $0.5025 per share by the financial services provider on Thursday, December 31st. This represents a $2.01 annualized dividend and a dividend yield of 3.8%. The ex-dividend date is Monday, November 30th.

Brookfield Asset Management has a dividend 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. Equities 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 Stock Performance

NYSE:BAM opened at $53.00 on Friday. Brookfield Asset Management has a 1 year low of $42.20 and a 1 year high of $55.97. The firm has a 50 day moving average of $47.18 and a 200-day moving average of $47.86. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $86.83 billion, a P/E ratio of 18.15, a price-to-earnings-growth ratio of 2.24 and a beta of 1.27.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last released its quarterly earnings results on Friday, November 6th. The financial services provider reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.01. The business had revenue of $2.15 billion for the quarter, compared to analyst estimates of $1.60 billion. Brookfield Asset Management had a return on equity of 31.50% and a net margin of 48.89%. As a group, sell-side analysts anticipate that Brookfield Asset Management will post 1.77 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

BAM has been the subject of several research analyst reports. Morgan Stanley set a $54.00 price objective on Brookfield Asset Management in a research report on Friday, October 16th. Scotiabank restated an “outperform” rating and set a $59.00 target price on shares of Brookfield Asset Management in a report on Thursday, August 6th. UBS Group lowered their target price on Brookfield Asset Management from $55.00 to $49.00 and set a “neutral” rating for the company in a research note on Tuesday, October 13th. Piper Sandler set a $49.00 price target on Brookfield Asset Management and gave the company a “neutral” rating in a report on Monday, October 19th. Finally, Royal Bank Of Canada set a $65.00 price target on Brookfield Asset Management and gave the company an “outperform” rating in a report on Friday, September 18th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $56.91.

Brookfield Asset Management Company Profile

Brookfield Asset Management is a global alternative asset manager that invests in and manages assets on behalf of institutional and private wealth clients. Its investment strategies span infrastructure, renewable power and transition, private equity, real estate, and credit.

The company operates across North America, South America, Europe, the Middle East, and Asia-Pacific. Its businesses invest in and manage assets such as energy and transportation infrastructure, renewable power facilities, real estate, and companies across a range of industries.

Brookfield Asset Management became a separately listed company in 2022, following the separation of Brookfield Corporation’s asset management business.