Brookfield Asset Management trades 22% below high with strong growth and 4.04% dividend yield

Brookfield Asset Management (BAM) is currently trading about 22% below its 52-week high despite showing strong fee-bearing capital growth in Q1 and offering a 4.04% dividend yield. The company aims to reach $1.1 trillion in fee-bearing capital by 2029, expecting to surpass its 16% compound annual growth rate target, driven by strong investor demand in credit and infrastructure sectors. First-quarter fee-related earnings increased 11% year-over-year to $772 million, with distributable earnings rising 7% to $702 million. While a major credit event remains a key risk, BAM's stable capital base supports ongoing dividend growth, making it a potential buy-the-dip opportunity.