Associated Banc-Corp (NYSE:ASB) Announces Quarterly Dividend of $0.25

Associated Banc-Corp (NYSE:ASB) announced a quarterly dividend on Tuesday, October 27th. Stockholders of record on Tuesday, December 1st will be paid a dividend of $0.25 per share by the bank on Tuesday, December 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Tuesday, December 1st. This is a 4.2% increase from Associated Banc’s previous quarterly dividend of $0.24.

Associated Banc has increased its dividend payment by an average of 0.1% per year over the last three years and has increased its dividend every year for the last 13 years. Associated Banc has a dividend payout ratio of 35.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Associated Banc to earn $3.36 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 28.6%.

Associated Banc Trading Down 0.1%

Shares of NYSE:ASB opened at $30.18 on Wednesday. Associated Banc has a 52 week low of $23.87 and a 52 week high of $32.46. The firm’s fifty day moving average is $29.74 and its 200-day moving average is $28.60.

Associated Banc (NYSE:ASB) last announced its earnings results on Thursday, October 22nd. The bank reported $0.81 EPS for the quarter, beating the consensus estimate of $0.76 by $0.05. The business had revenue of $468.51 million for the quarter, compared to the consensus estimate of $463.69 million. During the same quarter in the previous year, the company earned $0.73 EPS. As a group, equities analysts expect that Associated Banc will post 2.97 earnings per share for the current fiscal year.

Associated Banc Company Profile

Associated Banc-Corp is a regional bank holding company headquartered in Green Bay, Wisconsin. Through its principal subsidiary, Associated Bank, it provides banking and financial services to individuals, families, businesses and institutions.

Associated Bank offers commercial and corporate banking, retail banking, mortgage lending, consumer lending, treasury management, investment and wealth management, and institutional services. Its business banking activities include lending, deposit accounts, cash-management solutions and other services designed for small and middle-market companies.

The company primarily serves customers across Wisconsin, Illinois and Minnesota through its branch network and digital banking channels.