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

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

Affiliated Managers Group has decreased its dividend payment by an average of 0.5%per year over the last three years. Affiliated Managers Group has a dividend payout ratio of 0.2% indicating that its dividend is sufficiently covered by earnings. Equities 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 Price Performance

AMG stock traded up $0.20 during mid-day trading on Friday, reaching $329.15. 453,317 shares of the company’s stock were exchanged, compared to its average volume of 428,920. The company has a market cap of $9.26 billion, a price-to-earnings ratio of 19.60, a price-to-earnings-growth ratio of 0.57 and a beta of 1.21. The stock’s 50 day moving average is $300.35 and its 200 day moving average is $259.62. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.30 and a quick ratio of 1.30. Affiliated Managers Group has a 12-month low of $139.22 and a 12-month high of $333.99.

Affiliated Managers Group (NYSE:AMG) last issued its earnings results on Thursday, February 12th. The asset manager reported $9.48 earnings per share for the quarter, topping the consensus estimate of $8.75 by $0.73. The business had revenue of $556.60 million for the quarter, compared to analysts’ expectations of $578.54 million. Affiliated Managers Group had a return on equity of 16.75% and a net margin of 26.01%.The business’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $6.53 EPS. On average, research analysts expect that Affiliated Managers Group will post 22.86 EPS 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.