Friday, February 12, 2016

Brookfield Asset Management Raises Dividend 8.33%

Brookfield Asset Management raised its dividend by 8.33%. Based on current stock price, the new dividend amount represents a yield of 1.9%.

The Board declared a quarterly dividend of US$0.13 per share (representing US$0.52 per annum), payable on March 31, 2016 to shareholders of record as at the close of business on February 29, 2016. This represents an increase of 8% over the current dividend rate. The Board also declared all of the regular monthly and quarterly dividends on its preferred shares.

Bruce Flatt, CEO of Brookfield, said, “Our global portfolio of real assets performed well during the year, and we delivered strong results for our clients and shareholders. We deployed $21 billion, announcing or completing several acquisitions, including some signature assets – Canary Wharf and Center Parcs in the UK, TDF Communications in France, hydroelectric facilities in the U.S. and Brazil, and more recently Isagen hydroelectric in Colombia. This year, we intend to launch our new listed partnership, Brookfield Business Partners, and close a number of flagship private funds, enhancing our ability to make value investments in attractive opportunities around the world.”

Announcement Link

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