Brookfield Asset Management Inc (NYSE:BAM) will begin trading ex-dividend on November 27, 2020. The quarterly dividend payment of $ 0.12 per share is scheduled to be paid on December 31, 2020. The dividend yield based on the latest trading day closing price was 1.18 percent. To secure the dividend payout, investors must buy the stock prior to the ex-dividend date of November 27, 2020.
Dividends History
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Brookfield Asset Management Inc recently reported third quarter financial results on November 12, 2020, before market open, the Toronto based company came out with income for the third quarter of $ 0.10 per share, from the revenue of $ 16,249.00 million. The quarterly earnings decreased 89.01 percent while revenues down 9.10 percent compared with the same quarter last year.
Wall street analysts are predicting, BAM to report 3Q20 income of $ 0.47 per share from revenue of $ 15840.40 million. The bottom line results missed street analysts by $ 0.37 or 78.72 percent, at the same time, top line results outshined analysts by $ 408.60 million or 2.58 percent.
Stock Performance
Shares of Brookfield Asset Management Inc traded low $ -0.02 or -0.05 percent on Thursday, reaching $ 40.82 with volume of 1.87 million shares. Brookfield Asset Management Inc has traded high as $ 40.86 and has cracked $ 39.96 on the downward trend
According to the previous trading day, closing price of $ 40.82, representing a 89.34 % increase from the 52 week low of $ 21.57 and a 10.46 % decrease over the 52 week high of $ 45.61.
The company has a market capital of $ 61.51 billion and is part of the Financial Services sector and Asset Management industry.
Brookfield Asset Management Inc. is a publicly owned asset management holding company. The firm specializes in early stage, acquisition, distressed investments, short-term financing to mid-market companies, corporate carve-outs, recapitalizations, convertible, senior and mezzanine financings, operational and capital structure restructuring, strategic re-direction, turnaround, and under-performing midmarket companies.
