Artisan Partners Asset Management Inc. (NYSE:APAM) Increases Dividend to $0.80 Per Share

Artisan Partners Asset Management Inc. (NYSE:APAM) declared a quarterly dividend on Tuesday, July 28th. Shareholders of record on Monday, August 17th will be paid a dividend of 0.80 per share by the asset manager on Monday, August 31st. This represents a c) dividend on an annualized basis and a dividend yield of 7.6%. The ex-dividend date of this dividend is Monday, August 17th. This is a 3.9% increase from Artisan Partners Asset Management’s previous quarterly dividend of $0.77.

Artisan Partners Asset Management has raised its dividend payment by an average of 0.0%annually over the last three years. Artisan Partners Asset Management has a payout ratio of 90.9% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities research analysts expect Artisan Partners Asset Management to earn $3.93 per share next year, which means the company should continue to be able to cover its $3.08 annual dividend with an expected future payout ratio of 78.4%.

Artisan Partners Asset Management Price Performance

Shares of Artisan Partners Asset Management stock traded up $1.12 during trading hours on Wednesday, reaching $42.00. The company’s stock had a trading volume of 196,361 shares, compared to its average volume of 751,016. The firm has a 50 day moving average price of $36.83 and a 200-day moving average price of $38.60. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.82 and a quick ratio of 0.82. The stock has a market cap of $3.38 billion, a P/E ratio of 10.66 and a beta of 1.68. Artisan Partners Asset Management has a one year low of $33.96 and a one year high of $48.46.

Artisan Partners Asset Management (NYSE:APAM) last announced its quarterly earnings results on Tuesday, July 28th. The asset manager reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.03. The firm had revenue of $307.90 million during the quarter, compared to the consensus estimate of $301.32 million. Artisan Partners Asset Management had a net margin of 23.49% and a return on equity of 72.99%. The firm’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.83 EPS. On average, analysts predict that Artisan Partners Asset Management will post 3.89 EPS for the current year.

Artisan Partners Asset Management Company Profile

Artisan Partners Asset Management Inc is a global investment management firm that specializes in active, fundamental research-driven strategies across a range of equity, fixed income and alternative asset classes. Founded in 1994 by Andrew Ziegler, the company has built a reputation for its team-based approach to portfolio construction, emphasizing deep sector expertise and independent analysis. Its product lineup includes U.S. and international equity strategies, global emerging markets, as well as credit and multisector fixed income offerings.

Artisan Partners serves a diverse client base that spans institutional investors, intermediaries and high-net-worth individuals located in North America, Europe and Asia.