Affiliated Managers Group, Inc. (AMG) to Issue Quarterly Dividend of $0.01 on March 9th

Affiliated Managers Group, Inc. (NYSE:AMG) announced a quarterly dividend on Thursday, February 12th. Shareholders of record on Monday, February 23rd will be paid a dividend of 0.01 per share by the asset manager on Monday, March 9th. This represents a c) annualized dividend and a yield of 0.0%. The ex-dividend date is Monday, February 23rd.

Affiliated Managers Group has decreased its dividend by an average of 0.5%per year 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 $25.76 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 0.2%.

Affiliated Managers Group Stock Performance

NYSE:AMG opened at $329.15 on Friday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.30 and a current ratio of 1.34. Affiliated Managers Group has a fifty-two week low of $139.22 and a fifty-two week high of $333.99. The firm has a market cap of $9.26 billion, a PE ratio of 14.26, a price-to-earnings-growth ratio of 0.61 and a beta of 1.21. The business has a 50 day moving average price of $301.48 and a 200-day moving average price of $260.43.

Affiliated Managers Group (NYSE:AMG) last posted its quarterly earnings results on Thursday, February 12th. The asset manager reported $9.48 EPS for the quarter, beating analysts’ consensus estimates of $8.75 by $0.73. The company had revenue of $556.60 million during the quarter, compared to analyst estimates of $578.54 million. Affiliated Managers Group had a net margin of 34.55% and a return on equity of 18.45%. The firm’s revenue was up 6.2% compared to the same quarter last year. During the same period in the prior year, the business posted $6.53 EPS. Equities research analysts predict that Affiliated Managers Group will post 22.86 earnings per share for the current year.

About Affiliated Managers Group

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.