Artisan Partners Asset Management Inc. (APAM) to Issue Quarterly Dividend of $0.77 on May 29th

Artisan Partners Asset Management Inc. (NYSE:APAM) declared a quarterly dividend on Tuesday, April 28th. Stockholders of record on Friday, May 15th will be paid a dividend of 0.77 per share by the asset manager on Friday, May 29th. This represents a c) annualized dividend and a dividend yield of 8.3%. The ex-dividend date is Friday, May 15th.

Artisan Partners Asset Management has increased 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 tumble. Equities research analysts expect Artisan Partners Asset Management to earn $4.26 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 72.3%.

Artisan Partners Asset Management Stock Performance

Shares of NYSE APAM opened at $36.96 on Wednesday. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.44. The stock has a 50 day simple moving average of $37.04 and a 200-day simple moving average of $40.74. The company has a market cap of $2.98 billion, a PE ratio of 9.36 and a beta of 1.68. Artisan Partners Asset Management has a 12-month low of $34.99 and a 12-month high of $48.50.

Artisan Partners Asset Management (NYSE:APAM) last issued its quarterly earnings data on Tuesday, April 28th. The asset manager reported $0.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.91 by ($0.04). The business had revenue of $303.01 million for the quarter, compared to analyst estimates of $304.01 million. Artisan Partners Asset Management had a return on equity of 72.99% and a net margin of 23.49%.The business’s quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.83 earnings per share. On average, equities research analysts forecast that Artisan Partners Asset Management will post 3.93 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.