Brookfield Asset Management Posts $615M Q4 Profit, Increases Dividend
Brookfield Asset Management Ltd. has posted strong financial results for the fourth quarter, reporting a net income of US$615 million. This marks a significant moment for the firm, especially as it announces a 15% increase in its quarterly dividend.
Dividend Increase Announcement
The company has raised its quarterly dividend to 50.25 US cents per share, up from the previous rate of 43.75 cents per share. This increase reflects Brookfield’s commitment to delivering value to its shareholders.
Fourth Quarter Financial Overview
For the three-month period ending December 31, Brookfield reported the following key financial figures:
- Net Income: US$615 million or 34 cents per diluted share
- Previous Year Comparison: Last year’s net income was US$680 million or 42 cents per diluted share
- Distributable Earnings: US$767 million or 47 cents per share, up from US$649 million or 40 cents per share in Q4 2022
- Revenue: US$1.39 billion, an increase from US$1.06 billion a year earlier
Leadership Changes
In addition to its financial achievements, Brookfield announced a significant leadership change. Connor Teskey has been appointed as the new chief executive officer. He succeeds Bruce Flatt, who remains as chair of the board and continues as CEO of Brookfield Corp. Teskey previously served as president of Brookfield Asset Management.
The report detailing these developments was initially published by The Canadian Press on February 4, 2026. This announcement reinforces Brookfield’s robust position in the asset management sector as it continues to grow and enhance shareholder returns.
