CA - Brookfield Asset Management: The Time To Buy This Passive Income Monster Is Now

2024-02-09 11:40:33 ET

Summary

• As a mostly dividend growth-oriented investor, there is nothing better than a massive payout hike from a core holding.
• Brookfield Asset Management's revenue and distributable EPS both edged higher in the fourth quarter.
• The company's financial positioning earns it an A- credit rating from S&P on a stable outlook.
• Shares of BAM could be priced 1% above fair value at the current share price.
• If the company can grow as anticipated and return to fair value, it could nearly 2X the S&P over the next 10 years.

As an investor, there is arguably no news that is better to wake up to in the morning than dividend hikes. After all, it's so simple that all I had to do was live another day and hold onto my shares in great businesses to reap the rewards....

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