Is Brookfield Asset Management Stock a Millionaire Maker?
Brookfield Asset Management (NYSE: BAM) increased its dividend 15% earlier this year. That's a big number, and one that investors might think is a one-time event. But if management lives up to its own goals, it will just be one of many dividend hikes. Here's why dividend growth investors will probably want to consider buying Brookfield Asset Management as they look to build a million-dollar portfolio.
As its name makes very clear, Brookfield Asset Management is an asset manager. That means that it takes money from customers and invests on their behalf. It charges fees for this service.
The key number to watch here is assets under management (AUM), which basically tells you how much money customers have entrusted to the company.
Source Fool.com
Brookfield Corp. Stock
Currently there is a rather positive sentiment for Brookfield Corp. with 17 Buy predictions and 6 Sell predictions.
With a target price of 57 € there is a positive potential of 44.01% for Brookfield Corp. compared to the current price of 39.58 €.
