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Cash Dividend On The Way From Brookfield Asset Management Class A Preference Shares, Series 2


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On 9/14/17, Brookfield Asset Management Inc's Class A Preference Shares, Series 2 (TSX: BAM-PRB.TO ) will trade ex-dividend, for its quarterly dividend of $0.1242, payable on 9/29/17. As a percentage of BAM.PRB's recent share price of $14.51, this dividend works out to approximately 0.86%, so look for shares of BAM.PRB to trade 0.86% lower - all else being equal - when BAM.PRB shares open for trading on 9/14/17. On an annualized basis, the current yield is approximately 3.46%.

As of last close, BAM.PRB was trading at a 42.48% discount to its liquidation preference amount. The chart below shows the one year performance of BAM.PRB shares, versus BAM:

Performance Comparison Chart

Below is a dividend history chart for BAM.PRB, showing historical dividends prior to the most recent $0.1242 on Brookfield Asset Management Inc's Class A Preference Shares, Series 2:

BAM.PRB+Dividend+History+Chart

According to the ETF Finder at ETF Channel, Brookfield Asset Management Inc (Symbol: BAM) makes up 1.89% of the Guru International Index ETF ( GURI ) which is trading relatively unchanged on the day Tuesday.

In Tuesday trading, Brookfield Asset Management Inc's Class A Preference Shares, Series 2 (TSX: BAM-PRB.TO ) is currently up about 0.9% on the day, while the common shares (Symbol: BAM) are trading flat.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.



This article appears in: Investing , Investing Ideas
Referenced Symbols: GURI , BAM


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