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

Key Points

• Affiliated Managers Group, Inc. announced a quarterly dividend of $0.01 per share, payable on August 25th to investors of record on August 11th.
• The company reported earnings of $5.39 per share for the last quarter, exceeding analyst estimates, although its revenue decreased by 1.4% year-over-year.
• Affiliated Managers Group has a payout ratio of 0.2%, indicating that its dividends are well-covered by earnings, with future earnings expected to support an annual dividend of $0.04.

Affiliated Managers Group, Inc. (NYSE:AMG - Get Free Report) announced a quarterly dividend on Friday, August 1st, Wall Street Journal reports. Investors of record on Monday, August 11th will be paid a dividend of 0.01 per share by the asset manager on Monday, August 25th. This represents a c) dividend on an annualized basis and a yield of 0.0%. The ex-dividend date is Monday, August 11th.

Affiliated Managers Group has a payout ratio of 0.2% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Affiliated Managers Group to earn $25.76 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 0.2%.

Affiliated Managers Group Price Performance

Shares of NYSE:AMG traded down $3.04 on Friday, hitting $206.83. 197,074 shares of the company's stock were exchanged, compared to its average volume of 232,173. Affiliated Managers Group has a 12 month low of $139.22 and a 12 month high of $220.00. The stock has a market capitalization of $5.88 billion, a price-to-earnings ratio of 15.72, a price-to-earnings-growth ratio of 0.64 and a beta of 1.09. The business's 50 day simple moving average is $193.66 and its two-hundred day simple moving average is $178.38.

Affiliated Managers Group (NYSE:AMG - Get Free Report) last released its earnings results on Thursday, July 31st. The asset manager reported $5.39 earnings per share for the quarter, topping the consensus estimate of $5.26 by $0.13. The business had revenue of $493.20 million during the quarter, compared to the consensus estimate of $506.46 million. Affiliated Managers Group had a return on equity of 15.91% and a net margin of 21.31%. The business's revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period last year, the company earned $4.67 earnings per share. Equities analysts forecast that Affiliated Managers Group will post 22.86 EPS for the current fiscal year.

About Affiliated Managers Group

Affiliated Managers Group, Inc, through its affiliates, operates as an investment management company providing investment management services to mutual funds, institutional clients,retails and high net worth individuals in the United States. It provides advisory or sub-advisory services to mutual funds.

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