Brookfield Asset Management Reinsurance Partners Ltd. Declares Quarterly Dividend of $0.14 (NYSE:BAMR)

Brookfield Asset Management Reinsurance Partners Ltd. (NYSE:BAMRGet Rating) announced a quarterly dividend on Friday, May 13th, Wall Street Journal reports. Shareholders of record on Wednesday, June 15th will be given a dividend of 0.14 per share on Thursday, June 30th. This represents a $0.56 annualized dividend and a yield of 1.17%. The ex-dividend date is Tuesday, June 14th.

BAMR opened at $47.87 on Friday. Brookfield Asset Management Reinsurance Partners has a 52-week low of $44.50 and a 52-week high of $85.00. The company has a 50 day moving average of $53.95 and a two-hundred day moving average of $57.11.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. grew its stake in Brookfield Asset Management Reinsurance Partners by 5.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 6,562 shares of the company’s stock worth $411,000 after buying an additional 356 shares during the period. Lazard Asset Management LLC purchased a new position in shares of Brookfield Asset Management Reinsurance Partners in the first quarter valued at $33,000. Swiss National Bank boosted its stake in shares of Brookfield Asset Management Reinsurance Partners by 5.5% in the first quarter. Swiss National Bank now owns 21,000 shares of the company’s stock valued at $1,198,000 after purchasing an additional 1,100 shares during the period. Mackenzie Financial Corp boosted its stake in shares of Brookfield Asset Management Reinsurance Partners by 2.5% in the first quarter. Mackenzie Financial Corp now owns 53,097 shares of the company’s stock valued at $3,036,000 after purchasing an additional 1,285 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in shares of Brookfield Asset Management Reinsurance Partners by 149.0% in the first quarter. JPMorgan Chase & Co. now owns 3,302 shares of the company’s stock valued at $189,000 after purchasing an additional 1,976 shares during the period. Institutional investors own 43.98% of the company’s stock.

About Brookfield Asset Management Reinsurance Partners (Get Rating)

Brookfield Asset Management Reinsurance Partners Ltd., through its subsidiaries, provides annuity-based reinsurance products to insurance and reinsurance companies. The company operates in two segments, Reinsurance and Pension Risk Transfer. It also acts as a direct issuer of pension risk transfer products for pension plan sponsors.

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