Associated Banc-Corp (NYSE:ASB) Announces $0.24 Quarterly Dividend

Associated Banc-Corp (NYSE:ASB) declared a quarterly dividend on Tuesday, July 28th. Stockholders of record on Tuesday, September 1st will be paid a dividend of 0.24 per share by the bank on Tuesday, September 15th. This represents a c) annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Tuesday, September 1st.

Associated Banc has increased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 13 consecutive years. Associated Banc has a payout ratio of 35.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect Associated Banc to earn $3.27 per share next year, which means the company should continue to be able to cover its $0.96 annual dividend with an expected future payout ratio of 29.4%.

Associated Banc Price Performance

Associated Banc stock opened at $31.00 on Wednesday. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.95. The stock has a market cap of $5.85 billion, a P/E ratio of 10.83, a PEG ratio of 1.13 and a beta of 0.76. The company has a 50-day moving average price of $29.59 and a 200 day moving average price of $27.88. Associated Banc has a 12-month low of $23.63 and a 12-month high of $31.83.

Associated Banc (NYSE:ASB) last issued its quarterly earnings data on Thursday, July 23rd. The bank reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.01. The firm had revenue of $450.44 million for the quarter, compared to analyst estimates of $438.01 million. Associated Banc had a net margin of 19.66% and a return on equity of 10.64%. During the same period in the previous year, the firm earned $0.65 EPS. Sell-side analysts anticipate that Associated Banc will post 2.91 earnings per share for the current year.

Associated Banc Company Profile

Associated Banc-Corp, through its primary subsidiary Associated Bank, N.A., is a regional financial services company headquartered in Green Bay, Wisconsin. The bank operates more than 200 branches across the Midwest, offering community-focused banking solutions for individuals, small businesses and commercial clients. Its emphasis on personalized service and regional decision-making supports long-standing customer relationships.

On the consumer side, Associated Bank provides checking and savings accounts, residential mortgages, home equity lines of credit, auto financing and credit card products.