Affiliated Managers Group, Inc. Plans Quarterly Dividend of $0.01 (NYSE:AMG)

Affiliated Managers Group, Inc. (NYSE:AMG) announced a quarterly dividend on Monday, July 20th. Shareholders of record on Monday, August 10th will be given a dividend of 0.01 per share by the asset manager on Monday, August 24th. This represents a c) annualized dividend and a yield of 0.0%. The ex-dividend date of this dividend is Monday, August 10th.

Affiliated Managers Group has decreased its dividend by an average of 0.4%annually over the last three years. Affiliated Managers Group has a payout ratio of 0.2% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Affiliated Managers Group to earn $40.98 per share next year, which means the company should continue to be able to cover its $0.04 annual dividend with an expected future payout ratio of 0.1%.

Affiliated Managers Group Trading Down 0.8%

AMG stock opened at $369.34 on Friday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.79 and a current ratio of 1.24. Affiliated Managers Group has a 52 week low of $210.87 and a 52 week high of $392.92. The company has a market capitalization of $9.75 billion, a PE ratio of 12.79, a price-to-earnings-growth ratio of 0.53 and a beta of 1.11. The company’s 50-day simple moving average is $353.04 and its 200 day simple moving average is $317.06.

Affiliated Managers Group (NYSE:AMG) last released its quarterly earnings results on Thursday, July 30th. The asset manager reported $8.29 earnings per share for the quarter, topping the consensus estimate of $7.90 by $0.39. The company had revenue of $640.70 million for the quarter, compared to analysts’ expectations of $590.94 million. Affiliated Managers Group had a return on equity of 21.94% and a net margin of 37.72%.The business’s quarterly revenue was up .0% compared to the same quarter last year. During the same period in the previous year, the business posted $5.39 earnings per share. As a group, sell-side analysts anticipate that Affiliated Managers Group will post 36.25 earnings per share for the current year.

Affiliated Managers Group Company Profile

Affiliated Managers Group, Inc (NYSE: AMG) is a global asset management holding company that partners with boutique investment firms. Founded in 1993 and headquartered in West Palm Beach, Florida, AMG invests in and collaborates with independent investment managers to foster growth while preserving their entrepreneurial culture. Through equity stakes and strategic support, the company aims to enhance its affiliates’ distribution capabilities, operational infrastructure and access to capital.

The company’s core business activities include providing capital solutions, distribution services and operational support to affiliated investment firms.