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

Affiliated Managers Group, Inc. (NYSE:AMG) declared a quarterly dividend on Monday, November 9th. Investors of record on Thursday, November 19th will be given a dividend of $0.01 per share by the asset manager on Thursday, December 3rd. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.0%. The ex-dividend date of this dividend is Thursday, November 19th.

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 $42.17 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 Trading Up 5.4%

Shares of AMG opened at $382.41 on Tuesday. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.24 and a quick ratio of 1.24. Affiliated Managers Group has a 1 year low of $246.11 and a 1 year high of $400.13. The company has a 50 day simple moving average of $371.95 and a two-hundred day simple moving average of $334.16. The firm has a market cap of $9.89 billion, a P/E ratio of 13.25, a price-to-earnings-growth ratio of 0.47 and a beta of 1.05.

Affiliated Managers Group (NYSE:AMG) last released its earnings results on Monday, November 9th. The asset manager reported $9.50 EPS for the quarter, topping the consensus estimate of $8.79 by $0.71. Affiliated Managers Group had a net margin of 37.72% and a return on equity of 21.94%. The firm had revenue of $595.20 million for the quarter, compared to the consensus estimate of $655.08 million. During the same quarter in the previous year, the firm earned $6.10 earnings per share. The company’s quarterly revenue was up .0% compared to the same quarter last year. On average, equities analysts expect that Affiliated Managers Group will post 36.87 earnings per share for the current fiscal year.

Affiliated Managers Group Company Profile

Affiliated Managers Group, Inc (NYSE: AMG) is a global asset management company that partners with independent investment firms. Founded in 1993, AMG provides its partner firms with strategic capital, distribution support and business resources while allowing them to retain substantial independence over their investment processes and operations.

Through its partner firms, AMG offers a range of investment strategies and services, including alternative investments, equities, fixed income, private markets and wealth management.