Brookfield Asset Management Q4 FFO Falls - Quick Facts

(RTTNews) - Brookfield Asset Management Inc. (BAM, BAM_A.TO) reported that its fourth-quarter Funds from operations fell to $535 million from $1.030 billion last year. Funds from operations per share was $0.78 lower than last year's $1.59.

But, funds from operations from operating activities increased to $420 million from $406 million in the previous year.

Net income attributable to shareholders rose to $1.050 billion or $1.59 per share from $717 million or $1.08 per share in the year ago quarter.

Revenues for the quarter declined to $4.694 billion from $5.493 billion in the prior year.

The Board of Directors declared a quarterly dividend of US$0.17 per share (representing US$0.68 per annum), payable on March 31, 2015 to shareholders of record as at the close of business on February 27, 2015. This represents an increase of 6% over the current dividend rate.