India, Feb. 12 -- Brookfield Asset Management Ltd. (BAM), a global alternative asset manager, Wednesday reported higher earnings in the fourth quarter, with over $135 billion of capital raised during the quarter.
The company also announced a 15 percent raise in its quarterly dividend, owing to positive outlook and strong financial position.
For the fourth quarter, net income rose to $688 million or $0.42 per share from last year's $374 million or $0.23 per share.
Distributable earnings grew to $649 million or $0.40 per share from $586 million or $0.36 per share last year.
Analysts, on average, had expected the company to earn $0.39 per share. Analysts' estimates typically exclude special items.
The Board announced a quarterly dividend ...