Artisan Partners Asset Management Inc. (NYSE:APAM) Plans Dividend Increase – $0.80 Per Share

Artisan Partners Asset Management Inc. (NYSE:APAM) announced a quarterly dividend on Tuesday, July 28th. Stockholders 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) annualized dividend and a dividend yield of 7.7%. The ex-dividend date 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 increased its dividend by an average of 0.0%per year over the last three years. Artisan Partners Asset Management has a dividend 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 tumble. 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 $0.64 during trading on Wednesday, hitting $41.52. The stock had a trading volume of 261,658 shares, compared to its average volume of 751,252. The business has a fifty day moving average of $36.83 and a two-hundred day moving average of $38.60. Artisan Partners Asset Management has a fifty-two week low of $33.96 and a fifty-two week high of $48.46. The firm has a market cap of $3.35 billion, a P/E ratio of 10.51 and a beta of 1.68. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.82 and a quick ratio of 0.82.

Artisan Partners Asset Management (NYSE:APAM) last released its earnings results on Tuesday, July 28th. The asset manager reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.03. Artisan Partners Asset Management had a return on equity of 72.99% and a net margin of 23.49%.The firm had revenue of $307.90 million for the quarter, compared to analyst estimates of $301.32 million. During the same period in the previous year, the company earned $0.83 earnings per share. Artisan Partners Asset Management’s revenue was up 8.9% compared to the same quarter last year. On average, sell-side analysts expect that Artisan Partners Asset Management will post 3.89 earnings per share for the current fiscal 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.