Justin B. Beber Sells 25,000 Shares of Brookfield Asset Management Ltd. (TSE:BAM) Stock

Brookfield Asset Management Ltd. (TSE:BAM) (NYSE:BAM) Director Justin B. Beber sold 25,000 shares of Brookfield Asset Management stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of C$83.87, for a total value of C$2,096,630.00.

Brookfield Asset Management Stock Down 0.5 %

TSE BAM opened at C$81.74 on Monday. The company has a current ratio of 0.85, a quick ratio of 0.95 and a debt-to-equity ratio of 6.32. Brookfield Asset Management Ltd. has a 1-year low of C$50.25 and a 1-year high of C$84.17. The company has a 50 day moving average of C$74.78 and a 200-day moving average of C$62.11. The company has a market cap of C$34.24 billion and a price-to-earnings ratio of 54.49.

Brookfield Asset Management Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, November 29th will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.52 annualized dividend and a yield of 1.86%. Brookfield Asset Management’s dividend payout ratio is currently 136.67%.

Analyst Ratings Changes

Separately, Wells Fargo & Company upgraded Brookfield Asset Management to a “strong sell” rating in a report on Thursday, September 12th.

About Brookfield Asset Management

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.