BAM - Brookfield Asset Management Inc.

NYSE - NYSE Delayed Price. Currency in USD
45.91
-0.73 (-1.57%)
At close: 4:01PM EDT
Stock chart is not supported by your current browser
Previous Close46.64
Open46.43
Bid45.00 x 800
Ask53.83 x 2200
Day's Range45.90 - 46.47
52 Week Range36.58 - 46.98
Volume976,386
Avg. Volume1,333,173
Market Cap44.012B
Beta (3Y Monthly)1.15
PE Ratio (TTM)13.50
EPS (TTM)3.40
Earnings DateN/A
Forward Dividend & Yield0.64 (1.37%)
Ex-Dividend Date2019-02-27
1y Target Est53.83
Trade prices are not sourced from all markets
  • Brookfield Asset Management buys controlling stake in Oaktree Capital
    CNBC Videos11 days ago

    Brookfield Asset Management buys controlling stake in Oaktree Capital

    CNBC's David Faber reports that Brookfield Asset Management will buy a 62 percent stake in Oaktree Capital.

  • 7 Dual-Class Stocks That Will Outperform
    InvestorPlace2 days ago

    7 Dual-Class Stocks That Will Outperform

    Dual-class stocks to buy are in the news again. Lyft, the ride-hailing app, is looking to go public. On March 18, the company filed an amended preliminary prospectus with the SEC that suggests it will offer almost 31 million of its Class A shares between $62 and $68 a share, valuing it at $23 billion or more.It's very popular with investors, already oversubscribed with a week left until it officially starts trading. People can't get enough of Lyft stock. However, many institutional investors aren't happy about the company's dual-class share structure, sending a letter to Lyft asking that it include a sunset clause in its IPO regulatory filings. Under a sunset clause, the company would designate a future date at which time the dual-class share structure would convert into a one share, one vote scenario. InvestorPlace - Stock Market News, Stock Advice & Trading TipsThese institutional investors don't like the fact that the company's two founders will control 60% of the votes with just a 7% economic interest. They're especially frustrated because Lyft currently operates a one share, one vote structure as a private company. Love them or hate them, dual-class share structures will always be attractive to entrepreneurs who worry that the short-termism that's so prevalent in Wall Street companies is harmful to a company's long-term success. * 7 Beaten-Up Stocks to Buy as They Reverse Course I happen to believe that dual-class share structures, in the hands of good corporate stewards, can deliver above-average rewards, then companies without them.To demonstrate what I mean, here are seven dual-class stocks to buy now. Dual-Class Stocks to Buy: Brown-Forman (BF.B, BF.A)Source: Shutterstock George Garvin Brown IV is the chairman of Brown-Forman (NYSE:BF.A, NYSE:BF.B), the Louisville distiller behind Jack Daniel's and other whisky brands. The Brown family control more than 50% of the company's Class A shares. The Class B shares do not come with votes providing the family with a built-in succession plan. It's the ultimate family business. When George Garvin Brown became chairman in 2007, he went to work with former CEO Paul Varga -- Varga retired December 31, 2018, after 15 years in the top job -- to create a "family engagement" committee to keep all the Brown family members, most of whom didn't work at the company, engaged and informed, so that a dual-class share structure wasn't the only thing keeping it in the familial hands. "It's their biggest asset; it's what makes them unique," said Professor Lloyd Shefsky in 2015. "But there has to be something more for people to go through the extra effort, and sometimes trauma, of continuing family ownership of the business. … Families generally don't work on that enough."Since Brown IV has been chairman, Brown-Forman stock has appreciated by 493%, or 16.7% annualized. Not bad considering he took over at a time when the economy was ready to collapse, and nobody was drinking whisky. Boy, have times changed. Constellation Brands (STZ, STZ.B)Source: Shutterstock Lost in the excitement of Constellation Brands' (NYSE:STZ, NYSE:STZ.B) multi-billion-dollar cannabis investment is the fact that the company has a dual-class share structure, with Class A shares getting one vote per share while Class B shares get 10 votes each. Brothers Rob and Richard Sands control the company by owning almost all of its Class B shares. Overall, they have 59% of the all the votes, which translates into a 16% economic interest in Constellation Brands.Recently, Rob Sands stepped down as CEO, to become executive chairman, with the COO, Bill Newlands, stepping into the top role. Rob Sands was the driving force behind Constellation Brands making a $4 billion investment in Canopy Growth (NYSE:CGC). As executive chairman, he'll oversee the company's investment including its push into cannabis-infused drinks. Whether you're talking about its bold move to buy the Modelo beer business in the U.S. a few years ago or its efforts to add a platform for growth beyond beer, spirits, and wine, there's a good chance none of this happens if the Sands' brothers didn't have the ability to look well into the future. * 10 Stocks on the Rise Heading Into the Second Quarter Institutions might hate the idea that someone with 16% ownership, controls the business, but when you consider how much effort the family has put into the company -- father Marvin founded it in 1945 -- I wouldn't want anyone else other than the Sands calling the shots. They dream big, and shareholders will be rewarded over the long haul for allowing them to do so. Dual-Class Stocks to Buy: Brookfield Asset Management (BAM)Source: Shutterstock If you're not familiar with the alternative asset manager that recently acquired 62% of Los Angeles-based Oaktree Capital (NYSE:OAK) for more than $4 billion, Brookfield Asset Management (NYSE:BAM) is now about the same size as Blackstone (NYSE:BX) in terms of assets under management. Brookfield CEO Bruce Flatt got a new platform for growth in credit and distressed debt while adding to the company's bench -- Oaktree co-founder Howard Marks will remain at Oaktree for the foreseeable future -- and more importantly, making Brookfield a full-service asset manager. "Brookfield is a leading player in infrastructure, real assets and real estate," David Fann of TorreyCove Capital Partners said about the deal. "Oaktree is a dominant distressed debt player. After this deal, Brookfield will become a major global provider of alternative investments with offerings that work in both up and down markets."Again, I'll make my point. The dual-class share structure is only a problem in the absence of talent and vision. Bruce Flatt has plenty of both. Estee Lauder (EL)Source: Shutterstock 2018 wasn't a great year for long-time Estee Lauder (NYSE:EL) shareholders; its stock delivered an annual total return of 3.5%. That's okay. As bad as that might seem, it was still 787 basis points higher than the S&P 500. And besides, it's up 24.5% year to date, and if it can hold those gains this is the fifth year in the past decade with an annual total return more than 20%. If you invested $10,000 in Estee Lauder stock a decade ago, today you'd have more than $145,000.Led by CEO Fabrizio Freda, who has been in the top job since 2009, the executive chairman's role is held by William Lauder, who was CEO for a short time before Freda joined the company. The Lauders, who control the company with 87% of the votes, have four board seats out of a total of 16, ensuring that the business goes where they want it to go. I first recommended Estee Lauder stock in April 2013. Since then, I've suggested it on several occasions into 2019. * 5 Cloud Stocks to Help Your Portfolio Fly As consumer stocks go, I like it as long as the Lauder family has a control position in the company. They know how to exert influence without getting in the way. Nike (NKE)Source: Shutterstock Whenever you read about Nike (NYSE:NKE), it's rare that you see anything that talks about Phil Knight's baby having a dual-class share structure, but it surely does, although not in an obvious way. It has Class A and Class B shares, but there's no 10:1 ratio in terms of votes, or 20:1 in the case of Lyft. No, it uses a more subtle form of control. If you dig into the proxy, you'll see that Class A shareholders elect 75% of the board members and Class B shareholders to elect the rest. Currently, there are 12 directors with nine voted on by the Class A shareholders and three voted on by the Class B shareholders. Care to guess who one of the Class A shareholders is? None other than Travis Knight, Phil Knight's son. Another thing you'll notice is that Swoosh LLC holds 78% of the Class A shares ensuring that Nike's board is stacked with people the founder can trust. It's a slightly different take on the dual-class share structure, but it ultimately is intended to ensure that the company maintains the vision of its founder. As successful as Nike has been, what's not to like? Square (SQ)Source: Via SquareJack Dorsey is CEO of both Square (NYSE:SQ) and Twitter (NYSE:TWTR). Square went public in November 2015; Twitter IPO'd two years earlier in November 2013. Interestingly, Twitter chose to issue only one class of shares, but Square decided to issue two classes. Why is that?Well, a Wall Street Journal article in August 2015, before the company went public, used an interesting analogy with Alphabet (NASDAQ:GOOGL, NASDAQ:GOOG), then known as Google, that might provide a clue. "From a governance perspective, investors could view 'Alphabet less as a public company than a public-private company hybrid,'" the Journal's Emily Chastan stated at the time, quoting corporate governance expert John Wilson. "Because the company has an unequal voting structure, the founders of Google are uniquely able to take risky bets on new technology, while simultaneously growing the company's mature search and advertising business."So, it's possible that Dorsey and company felt that Square needed greater oversight and control, protecting it from the short-term nature of most investors. We'll probably never know for sure. However, what we do know is that Dorsey has 45% of Square's voting power, but only 16% of its equity, whose shares are worth $4.9 billion. Over at Twitter, he has 2.4% of the equity, worth $586 million. Considering Square's market cap is 32% greater than Twitter's, it seems Dorsey made the right call. Dual-Class Stocks to Buy: Berkshire Hathaway (BRK.A, BRK.B)Source: Shutterstock If it weren't for unit investment trusts, you might not be able to buy Class B shares of Berkshire Hathaway (NYSE:BRK.A, NYSE:BRK.B) today. Warren Buffett introduced a second class of shares in May 1996 in response to regular investors seeking a backdoor by buying units of these trusts to get a piece of the Class A shares, which were trading around $22,000 at the time. Baby B's would be worth 1/30th the value of the Class A shares and 1/10,000th the voting rights. "As I have told you before, we made this sale in response to the threatened creation of unit trusts that would have marketed themselves as Berkshire look-alikes. In the process, they would have used our past, and definitely nonrepeatable, record to entice naive small investors and would have charged these innocents high fees and commissions," Buffett wrote in the company's 1996 shareholder's letter. How about that, even back then, the Oracle of Omaha was railing against high fees in the mutual fund business. Almost 15 years after issuing the B shares, Berkshire Hathaway split them 50-to-1 so that Burlington Northern shareholders could share in the company's future success. Today, the B shares are worth 1/1,500th of a Class A share while the voting rights have stayed the same. If not for Warren Buffett's stand on fees a long time ago, a lot fewer people would likely own the company's stock. That would be a bad thing. At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Retail Stocks That Will Continue to Rebound in 2019 * 5 Stocks To Buy for the Happiest Employees * 7 ETFs for a Millennial Portfolio Compare Brokers The post 7 Dual-Class Stocks That Will Outperform appeared first on InvestorPlace.

  • Howard Marks Sees Industry Consolidation After Brookfield Tie-Up
    Bloomberg3 days ago

    Howard Marks Sees Industry Consolidation After Brookfield Tie-Up

    It comes down to potential conflicts of interest between the parts of Brookfield that buy public companies and those that trade stocks and bonds. The potential for conflict becomes even greater with the addition of Oaktree, because it has a bigger business in public securities. It’s totally walled off from the other parts of Brookfield and it doesn’t share information,” Flatt said Thursday in an interview with Bloomberg Television in New York.

  • GlobeNewswire4 days ago

    Brookfield Asset Management Announces Results of Conversion of its Series 34 Preferred Shares

    BROOKFIELD, NEWS, March 20, 2019 -- Brookfield Asset Management Inc. (TSX: BAM.A, NYSE: BAM, Euronext: BAMA) today announced that after having taken into account all election.

  • Can India’s Leela Hotel Brand Be the Same Under Asset Manager Brookfield?
    Skift4 days ago

    Can India’s Leela Hotel Brand Be the Same Under Asset Manager Brookfield?

    One of India’s storied hotel brands, Leela, is going to the house of Canadian company Brookfield Asset Management, along with four of five Leela hotels owned by insolvent Hotel Leelaventure. The deal was disclosed by Hotel Leelaventure in a stock exchange filing earlier this week. A Brookfield-sponsored private real estate fund will pay $576.4 million […] The post Can India’s Leela Hotel Brand Be the Same Under Asset Manager Brookfield? appeared first on Skift.

  • 3 Reasons TerraForm Power's CEO Believes 2018 Was a Smashing Success
    Motley Fool5 days ago

    3 Reasons TerraForm Power's CEO Believes 2018 Was a Smashing Success

    The renewable power company's CEO ran through the highlight reel on the fourth-quarter conference call.

  • Reuters6 days ago

    India's Hotel Leela Venture to sell assets to Brookfield for $576 mln

    India's Hotel Leela Venture Ltd will sell four of its hotels and a property to a fund sponsored by Canada's Brookfield Asset Management for 39.50 billion rupees ($576.41 million), as part of its restructuring, it said on Monday. The company will sell four Leela hotels at Bengaluru, Chennai, Delhi and Udaipur and its property in Agra to Brookfield. The proceeds of the deal, which will also see the company's owners transfer the 'Leela' brand to Brookfield for all hospitality businesses, will be used to repay existing lenders of the company, Hotel Leela Venture said in a statement https://www.nseindia.com/corporate/HOTELEELA_18032019171014_BMoutcome18032019sw_156.pdf.

  • Reuters6 days ago

    Hotel Leela Venture to sell hotels, property to Brookfield for $576 million

    (Reuters) - India's Hotel Leela Venture Ltd said on Monday it would sell four of its hotels and a property to a fund sponsored by Canada's Brookfield Asset Management for 39.50 billion rupees ($576.41 ...

  • Moody's9 days ago

    Brookfield Asset Management Inc. -- Moody's reviews Brookfield's ratings for upgrade following acquisition announcement

    Moody's Investors Service, ("Moody's") placed the ratings of Brookfield Asset Management Inc. ("Brookfield") and its financing subsidiaries on review for possible upgrade. This follows Brookfield's announcement that it has entered into an agreement to acquire 62% of the equity of Oaktree Capital Group (not rated) ("Oaktree").

  • Brookfield (BAM) Agrees to Buy 62% Stake in Oaktree Capital
    Zacks10 days ago

    Brookfield (BAM) Agrees to Buy 62% Stake in Oaktree Capital

    Brookfield Asset Management's (BAM) acquisition of nearly 62% stake in Oaktree Capital Group will result in a combined AUM of $475 billion.

  • The Wall Street Journal10 days ago

    [$$] PE Daily: Brookfield Buys Stake in Oaktree | Democrats Target Carried Interest

    PE Daily: Brookfield Buys Stake in Oaktree | Democrats Target Carried Interest Good day! The newly reconstituted Congress may not have been in session that long, but Democrats in both the House and the Senate are putting private equity on notice.

  • Brookfield's Oaktree Deal Marks Ascent as Private Equity Giant
    Bloomberg10 days ago

    Brookfield's Oaktree Deal Marks Ascent as Private Equity Giant

    (Bloomberg) -- Bruce Flatt put Wall Street’s biggest private equity players on notice that the Canadian juggernaut was coming for them three years ago.

  • Reuters10 days ago

    Brookfield to buy most of Oaktree to build juggernaut to rival Blackstone

    The decision by Oaktree, led by distressed debt investor Howard Marks, to sell a majority stake of itself comes after a sustained period in which its stock has underperformed the broader market. Oaktree's stock is down around 13 percent in the last five years, even after a price bump on Wednesday following the deal's announcement. By comparison, the S&P 500 Index is up more than 50 percent over the period and Blackstone's share price is up 4 percent.

  • Financial Times10 days ago

    [$$] Brookfield’s ‘yin and yang’ Oaktree deal builds investment powerhouse

    has become one of the largest and most eclectic alternative investment houses. Its shares have surged more than six-fold since taking a pounding during the 2008 financial crisis. announced by the Toronto-based group this week to acquire a controlling stake in distressed debt specialist Oaktree Capital is designed to make it more resilient the next time a financial crisis strikes.

  • The Wall Street Journal10 days ago

    [$$] Brookfield Asset Management to Buy 62% of Oaktree Capital

    Brookfield Asset Management Inc. is buying a majority stake in Oaktree Capital Management, bringing an end to the credit-investment firm’s six-year run as a public company. Brookfield will buy about 62% of the Oaktree business, acquiring all outstanding shares of its publicly traded common stock for $49 in cash, or 1.077 Brookfield shares. Oaktree’s preferred shareholders, which primarily consist of its co-chairmen, Howard Marks and Bruce Karsh, their fellow co-founders and other management and employees, will also sell 20% of their nonpublicly traded preferred shares to Brookfield for the same price.

  • Why Oaktree Capital Group, Guardant Health, and Clean Energy Fuels Jumped Today
    Motley Fool11 days ago

    Why Oaktree Capital Group, Guardant Health, and Clean Energy Fuels Jumped Today

    Merger and acquisition news and solid earnings helped give the market a lift.

  • Bloomberg11 days ago

    Brookfield-Oaktree Seen Spurring Deals Among Alternatives Firms

    Alternative asset managers are under pressure to broaden their offerings as institutional investors seek to make big allocations to fewer firms. While Ares Management Corp. and Apollo Global Management built businesses around their credit expertise and Carlyle Group LP and KKR & Co. held sway as buyout shops, they have evolved to expand into other areas of alternatives. “Since people are driving in the direction of doing more things with fewer managers, strategic partnerships are going to be a theme for the future,” Howard Marks, Oaktree’s co-chairman, said in a telephone interview Wednesday.

  • Billionaire Trio Unites With Brookfield's Purchase of Oaktree
    Bloomberg11 days ago

    Billionaire Trio Unites With Brookfield's Purchase of Oaktree

    Oaktree co-founder Howard Marks will sit on Brookfield’s board alongside Chief Executive Officer Bruce Flatt. The combined group will include at least one other billionaire, Oaktree co-Chairman Bruce Karsh. The deal, expected to be completed in the third quarter, will end more than two decades of independence for Marks and Karsh, whose firm managed $120 billion of assets at the end of 2018 but still found itself dwarfed by some competitors like Blackstone Group LP.

  • InvestorPlace11 days ago

    7 Winning High-Yield Dividend Stocks With Payouts Over 5%

    Google the question "What's considered a high dividend yield?" and you get more than 65 million results. That's because many investors are on the hunt for dividend stocks to buy that not only appreciate over time but also pay a high dividend. So what is a high-dividend yield stock? One that pays 1%? 3%? 5%? The truth is there is no strict rule. If you are interested in high-yield dividend stocks, it's better to focus on a company's history of growing its dividend rather than just looking for the juiciest dividend yields. That's because dividend yields are often high due to some problem with the business that's knocked its share price lower. InvestorPlace - Stock Market News, Stock Advice & Trading TipsThat said, if you can find a group of stocks that yield 5% and have demonstrated the ability to grow the annual payment over a decent amount of time, double-digit total returns won't be nearly as difficult to achieve. * The 10 Best Stocks to Buy for the Bull Market's Anniversary The trick is finding those stocks. Here are seven high-yield dividend stocks to buy with a payout of 5% or more that I believe can get the job done. BP (BP)The integrated oil and gas company has come a long way since the Deepwater Horizon oil spill in 2010. BP (NYSE:BP) currently yields 5.8%. It has paid a quarterly dividend for 32 consecutive quarters starting with a 42-cent payment in Q4 2010. For 15 quarters between Q3 2014 and Q1 2018, it paid a 60-cent quarterly dividend, opting to retain more of its cash flow. With the September 2018 payment, BP increased its quarterly dividend to $0.6150. In March 2017, I gave InvestorPlace readers five reasons to own BP stock. Included in the mix was the company's projection that its free cash flow would grow from $1.8 billion to $24 billion by 2021. That projection was based on a $55 barrel of oil. In fiscal 2018, BP finished the year with $7.8 billion in free cash flow. It now expects to generate between $14-15 billion in free cash flow by 2021, down from its earlier projections, but much higher than where it was in fiscal 2016. It expects to achieve its free cash flow projection for 2021 by adding approximately 900,000 barrels of oil equivalent per day with many of the 16 projects required to add this capacity already underway. I don't know if BP will hit its guidance. However, the 5.8% dividend yield will help you while wait to find out. Icahn Enterprises (IEP)Love him or hate him, Carl Icahn sure knows how to make money for his investors, and Icahn Enterprises (NYSE:IEP) is next on our list of high-yield dividend stocks. Year-to-date, IEP has a total return of 20%. Over the past 15 years, IEP's annualized total return was 14.8% with approximately 43% of those gains from dividends. Currently yielding 11.2%, IEP increased its quarterly distribution by 11.3% to $2 a share, payable in April.The last two fiscal years have been good for IEP shareholders. In 2018, Icahn Enterprises' indicative net asset value increased by 3.7% to $8.2 billion. That might seem like a lot but you do that consistently for a decade, and it will show up in the company's stock price. In 2018, Icahn's investment fund made 7.8% on the year, when most hedge funds lost money and the S&P 500 was also down. Although Icahn is in his 80s, he's still able to jump on the latest trends.In 2015, Icahn invested $100 million in Lyft. At the time it was said to be worth $2.5 billion. Today, as Lyft readies to go public, it's thought to be worth $15 billion, which means Icahn's investment's grown by 500% in a little over three years. * 15 Stocks Sitting on Huge Piles of Cash He might appear grumpy at times, but who cares when he delivers for shareholders. Brookfield Property Partners (BPY)Brookfield Property Partners (NASDAQ:BPY) invests in real estate. Whether we're talking office, retail, multi-family residential, self-storage, student housing, you name it, if there's money to be made, BPY is in the mix.If you follow what's going on at the White House, BPY acquired a 100% leasehold interest in 666 Fifth Avenue in New York in August 2018. The property, bought at the height of the real estate market, was Jared Kushner's money pit. He paid $1.8 billion for it. BPY took it off his hands for $1.3 billion. It plans to redevelop the building to bring up the rents and then hang on to it until the property is worth significantly more than the price Brookfield paid for it. Over the last five years, this high-yield dividend stock has completely reshaped its business, taking five publicly traded companies private, a move that kept a lid on its share price. As a result, the company's board's approved a $500 million substantial issuer bid to buy back its shares at prices between $19 and $21. Brookfield increased its quarterly distribution by 5% in Q4 2018 to $1.32 a share on an annual basis, a current yield of 6.7%. BPY is also affiliated with Brookfield Asset Management (NYSE:BAM), who owns 52% of the company. You could do a lot worse when it comes to high-yield dividend stocks. Cedar Fair (FUN)Who can resist a stock with the symbol FUN? Cedar Fair (NYSE:FUN) has been providing fun for kids and adults alike since 1870. It hasn't been a public company for 148 years, though. It went public in 1987. And a $10,000 investment in its IPO would be worth approximately $875,000 today. Its first park was in Sandusky, Ohio. Since then it's added ten additional amusement parks, two outdoor water parks, one indoor water park, and four hotels. The entire system welcomes close to 26 million guests each year generating more than $1.3 billion in annual revenue. The average guest spends almost $48 visiting one of its amusement parks spread across North America.Set up as a publicly traded partnership, Cedar Fair pays out most of its profits tax-free to its unitholders. Since going public, it's paid out more than $2.6 billion in distributions to unitholders. * 7 Retail Stocks Winning in 2019 and Beyond Cedar Fair might not grow revenues by double digits but its current yield of 7% more than makes up for its lack of growth, making it one of the best high-yield dividend stocks to buy. BCE (BCE)BCE (NYSE:BCE) could best be described as a Canadian version of AT&T (NYSE:T).Canada's largest communications company, BCE generates 53% of its annual revenue from its wireline business, which includes broadband, TV, and voice, 36% from wireless, and the remaining 11% from Bell Media. Its media business includes 30 TV stations, 30 specialty networks, four pay TV channels, 109 radio stations, and more than 200 websites. In 2018, it grew free cash flow by 4.4% to CAD$3.57 billion. In 2019, it expects to increase free cash flow by as much as 12%, which could take it over CAD$4 billion on the year. BCE aims to payout between 65%-75% of its free cash flow annually. In 2018, it paid out CAD$2.68 billion for dividends, 6.6% higher than a year earlier. It currently yields 5.3%, 140 basis points less than AT&T. However, its long-term debt is just CAD$19.8 billion, less than 10% of Randall Stephenson's baby.BCE continues to be a stock for widows and orphans -- in other words, one of the safest high-yield dividend stocks. Brookfield Renewable Partners (BEP)The second of two Brookfield picks, you might think I have a thing for the Brookfield group of companies; and, you'd be right. Brookfield Renewable Partners (NYSE:BEP) is the renewable energy arm of Brookfield Asset Management, who own 60% of the company. Of the seven high-yield dividend stocks on this list, BEP has the most risk and reward of the bunch. On February 8, the company announced its Q4 results. On the top line, it had $3.0 billion in revenue, 13.6% higher than a year earlier. On the bottom line, it had $403 million in net income, almost eight times higher than in 2017. On a cash flow basis, its funds from operations (FFO) increased by 16.4% to $676 million. So, where's the risk, you might be asking? Well, renewable energy projects aren't cheap. In 2018, Brookfield finished the year with $10.7 billion in corporate and non-recourse debt. That debt comes with $6.5 billion in interest payments over the life of the obligations, 61% of which is due within five years. * 7 Disruptive Tech ETFs to Buy That said, all Brookfield companies bring to the table a level of conservatism to their investment practices, ensuring that your 7% dividend is most certainly money in the bank. Ford (F)Ford (NYSE:F) is currently yielding 7%, a mouth-watering number for any dividend investor. However, as anyone who follows the car company, an investment in the Detroit-based business comes with more than its fair share of risk. One of the risks is the company's CEO, Jim Hackett. I'm sure he's a fine man, but I've said many times in the past that he's the wrong person for the job. In October, while suggesting that Ford stock had likely fallen as far as it possibly could and was worth a sniff by investors, I argued that someone along the lines of General Motors' (NYSE:GM) CEO Mary Barra is what is needed to revive Ford glory. Ford Executive Chairman Bill Ford feels I'm 100% wrong about Hackett."I think the ability to hold the now, the near and the far all together at one time is something you don't always see in executives. And Jim (Hackett) has that," Ford told Reuters on the sidelines of the CERAWeek energy conference in Houston. "We're changing a lot. And change is difficult."It sure is. That said, I do believe if you're going to buy a stock under $10, Ford is the one to buy because it's not going out of business anytime soon despite the lack of innovation. As of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 5 of the Best Stocks to Buy Under $10 * 7 Retail Stocks Winning in 2019 and Beyond * The 10 Best Stocks to Buy for the Bull Market's Anniversary Compare Brokers The post 7 Winning High-Yield Dividend Stocks With Payouts Over 5% appeared first on InvestorPlace.

  • Brookfield to Buy Marks's Oaktree to Make Alternatives Giant
    Bloomberg11 days ago

    Brookfield to Buy Marks's Oaktree to Make Alternatives Giant

    Brookfield will acquire a 62 percent stake in Oaktree in a cash and stock deal worth roughly $4.7 billion, the companies said Wednesday in a statement. Today’s deal creates such a one-stop-shop: it bolsters the credit business of Brookfield, which has traditionally focused on real estate, and provides Oaktree, a specialist in distressed debt, exposure to assets that thrive outside turbulent economic times.

  • Why Shares of Oaktree Capital Surged Higher Wednesday
    Motley Fool11 days ago

    Why Shares of Oaktree Capital Surged Higher Wednesday

    Two prominent asset management businesses are joining forces.

  • TheStreet.com11 days ago

    Oaktree Surges After Brookfield Acquires 62% of Investment Firm for $4.8 Billion

    Brookfield will acquire all outstanding Oaktree Class A units for either $49 per share in cash or 1.0770 Brookfield Class A shares, as well as 20% of Brookfield's class B shares. The purchase price represents a near 12% premium over Oaktree's Tuesday closing price and a nearly 16% premium over the stock's 30-day volume-weighted average price. "As we continue to strategically grow Brookfield, we are thrilled to be partnering with Oaktree and with its exceptional management team whose credit business is second to none," said Brookfield CEO Bruce Flatt.

  • MarketWatch11 days ago

    Oaktree's stock soars after Brookfield deal to buy most of its business for a 12% equity premium

    Brookfield Asset Management Inc. said Wednesday it had reached an agreement to buy 62% of Oaktree Capital Group LLC's business, in a deal that values Oaktree shares at a 12% premium. Oaktree's stock shot up 12% in morning trade and Brookfield's stock gained 0.7%. Under terms of the deal, Brookfield will pay either $49 a share in cash, or 1.077 Brookfield Class A shares for Oaktree Class A shares, with the total consideration paid consisting of 50% cash and 50% equity. The cash value of the bid is 11.8% above Oaktree's Tuesday stock closing price of $43.83, at which Oaktree had a market capitalization of $6.88 billion. Brookfield said it will fund the deal, which is expected to close in the third quarter of 2019, with available liquidity. The deal includes a $225 million termination fee to be paid by Oaktree. Oaktree shares have rallied 19% over the past three months and Brookfield's stock has climbed 12%, while the S&P 500 has gained 5.7%.

  • GlobeNewswire11 days ago

    Brookfield to Acquire 62% of Oaktree Capital Management

    Brookfield Asset Management Inc. (“Brookfield”) (NYSE: BAM, TSX: BAM.A, Euronext: BAMA) and Oaktree Capital Group, LLC (OAK) (“Oaktree”) today announced an agreement whereby Brookfield will acquire approximately 62% of the Oaktree business. As part of the transaction, Brookfield will acquire all outstanding Oaktree Class A units for, at the election of Oaktree Class A unitholders, either $49.00 in cash or 1.0770 Class A shares of Brookfield per unit (subject to pro-ration).