Here's Why Brookfield Asset Management Stock Is a Buy Before August 1

Brookfield Asset Management (NYSE: BAM) is an attractive dividend stock with an above-market yield of 3.2%. It is an attractive growth stock, with plans to double the size of its most important business by 2030. And it is an attractive dividend growth stock because management is planning to hike the dividend by 15% a year through to the end of the decade. Don't wait until Brookfield Asset Management reports second-quarter earnings in early August to buy in.As its name implies, Brookfield Asset Management is an asset manager. That basically means it collects money from other investors and then invests that money, for a fee, on their behalf. The total fees Brookfield Asset Management charges are based on the dollar value of the assets it oversees, so the more money it manages, the more money it makes as a business.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool