Brookfield Asset Management Ltd. (TSE:BAM - Get Free Report) NYSE: BAM's stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$54.81 and traded as high as C$56.46. Brookfield Asset Management shares last traded at C$56.23, with a volume of 1,175,640 shares trading hands.
Brookfield Asset Management Price Performance
The company has a current ratio of 0.85, a quick ratio of 0.95 and a debt-to-equity ratio of 6.32. The firm has a market cap of C$23.59 billion and a P/E ratio of 37.81. The company has a fifty day moving average price of C$54.86 and a two-hundred day moving average price of C$54.81.
Brookfield Asset Management Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, August 30th will be issued a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 3.73%. The ex-dividend date is Friday, August 30th. This is a boost from Brookfield Asset Management's previous quarterly dividend of $0.52. Brookfield Asset Management's payout ratio is 140.94%.
Insider Activity at Brookfield Asset Management
In related news, Director Justin B. Beber sold 43,937 shares of Brookfield Asset Management stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of C$37.98, for a total value of C$1,668,727.26. In related news, Director Justin B. Beber sold 43,937 shares of Brookfield Asset Management stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of C$37.98, for a total value of C$1,668,727.26. Also, Senior Officer Anuj Ranjan sold 112,500 shares of Brookfield Asset Management stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of C$39.63, for a total value of C$4,458,375.00. 14.28% of the stock is owned by insiders.
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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