Brookfield Asset Management cash flow drops, but dividend hiked - Reuters

Brookfield Asset Management said on Wednesday cash flow slumped 29 percent in the first quarter because of a decline in realized gains from asset sales but the result beat estimates and the company raised its dividend by 7 percent, Reuters reported. Funds from operation (FFO), a measure of cash flow for real estate management companies, fell to $492 million, or 72 cents per share, from $689 million, or $1.03 per share, a year earlier, the Canadian property, power and infrastructure investor said.

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