Manning and Napier Inc (NYSE:MN) announced a quarterly dividend on Thursday, July 25th, Zacks reports. Stockholders of record on Tuesday, October 15th will be paid a dividend of 0.02 per share by the asset manager on Friday, November 1st. This represents a $0.08 annualized dividend and a dividend yield of 4.32%. The ex-dividend date of this dividend is Monday, October 14th.

Manning and Napier has decreased its dividend payment by an average of 20.6% annually over the last three years. Manning and Napier has a payout ratio of 38.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect Manning and Napier to earn $0.21 per share next year, which means the company should continue to be able to cover its $0.08 annual dividend with an expected future payout ratio of 38.1%.

Manning and Napier stock opened at $1.85 on Friday. The company’s 50 day simple moving average is $1.89 and its 200 day simple moving average is $1.91. Manning and Napier has a fifty-two week low of $1.45 and a fifty-two week high of $2.88. The firm has a market capitalization of $28.90 million, a price-to-earnings ratio of 8.41 and a beta of 1.09. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.84 and a quick ratio of 4.84.

Manning and Napier (NYSE:MN) last released its quarterly earnings data on Tuesday, July 30th. The asset manager reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.01). Manning and Napier had a return on equity of 8.12% and a net margin of 1.49%. The firm had revenue of $34.29 million for the quarter. As a group, analysts predict that Manning and Napier will post 0.17 EPS for the current fiscal year.

In other news, Director Edward J. Pettinella bought 25,000 shares of the firm’s stock in a transaction on Monday, August 26th. The stock was acquired at an average price of $1.75 per share, with a total value of $43,750.00. Following the transaction, the director now owns 280,273 shares of the company’s stock, valued at approximately $490,477.75. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director Edward J. Pettinella bought 96,928 shares of the firm’s stock in a transaction on Monday, August 5th. The shares were purchased at an average cost of $1.72 per share, with a total value of $166,716.16. Following the transaction, the director now directly owns 146,959 shares in the company, valued at approximately $252,769.48. The disclosure for this purchase can be found here. Insiders bought 320,329 shares of company stock valued at $549,605 in the last ninety days. 6.50% of the stock is currently owned by insiders.

MN has been the topic of several research reports. Zacks Investment Research downgraded shares of Manning and Napier from a “buy” rating to a “hold” rating in a research note on Wednesday, September 18th. ValuEngine raised shares of Manning and Napier from a “strong sell” rating to a “sell” rating in a report on Thursday, August 1st.

Manning and Napier Company Profile

Manning & Napier, Inc is publicly owned investment manager. It provides its services to net worth individuals and institutions, including 401(k) plans, pension plans, taft-hartley plans, endowments and foundations. The firm manages separate client-focused equity and fixed income portfolios. It invests in the public equity and fixed income markets of the United States.

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Dividend History for Manning and Napier (NYSE:MN)

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