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

Affiliated Managers Group, Inc. (NYSE:AMG) declared a quarterly dividend on Friday, May 1st. Shareholders of record on Monday, May 11th will be paid a dividend of 0.01 per share by the asset manager on Tuesday, May 26th. This represents a c) dividend on an annualized basis and a yield of 0.0%. The ex-dividend date of this dividend is Monday, May 11th.

Affiliated Managers Group has decreased its dividend by an average of 0.4%annually 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. Analysts expect Affiliated Managers Group to earn $37.36 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 0.1%.

Affiliated Managers Group Stock Performance

NYSE:AMG traded down $4.54 during trading on Friday, reaching $290.13. The company’s stock had a trading volume of 561,234 shares, compared to its average volume of 338,156. The firm has a market cap of $7.70 billion, a price-to-earnings ratio of 12.57, a price-to-earnings-growth ratio of 0.50 and a beta of 1.14. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.34 and a current ratio of 1.34. The firm has a 50 day moving average of $287.02 and a 200-day moving average of $283.59. Affiliated Managers Group has a 12 month low of $169.00 and a 12 month high of $334.78.

Affiliated Managers Group (NYSE:AMG) last announced its quarterly earnings data on Friday, May 1st. The asset manager reported $8.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $8.10 by $0.13. The firm had revenue of $544.90 million during the quarter, compared to the consensus estimate of $544.01 million. Affiliated Managers Group had a return on equity of 18.45% and a net margin of 34.55%.The business’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $5.37 EPS. Research analysts expect that Affiliated Managers Group will post 32.95 EPS for the current fiscal 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.