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

Affiliated Managers Group, Inc. (NYSE:AMG) announced a quarterly dividend on Monday, November 3rd. Investors of record on Thursday, November 13th will be given a dividend of 0.01 per share by the asset manager on Friday, November 28th. This represents a c) annualized dividend and a yield of 0.0%. The ex-dividend date of this dividend is Thursday, November 13th.

Affiliated Managers Group has decreased its dividend payment by an average of 0.5%annually over the last three years. Affiliated Managers Group has a payout ratio of 0.2% indicating that its dividend is sufficiently covered by earnings. 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 Stock Performance

NYSE AMG traded up $18.51 on Monday, reaching $256.47. The company’s stock had a trading volume of 698,666 shares, compared to its average volume of 223,974. Affiliated Managers Group has a twelve month low of $139.22 and a twelve month high of $256.81. The stock has a market cap of $7.29 billion, a PE ratio of 18.72, a PEG ratio of 0.61 and a beta of 1.21. The firm’s 50 day moving average is $236.07 and its two-hundred day moving average is $207.06.

Affiliated Managers Group (NYSE:AMG) last issued its quarterly earnings results on Monday, November 3rd. The asset manager reported $6.10 earnings per share for the quarter, beating analysts’ consensus estimates of $5.88 by $0.22. Affiliated Managers Group had a net margin of 21.79% and a return on equity of 16.11%. The company had revenue of $528.00 million during the quarter, compared to the consensus estimate of $543.39 million. During the same period in the prior year, the company earned $4.82 EPS. Affiliated Managers Group’s revenue was up 2.2% on a year-over-year basis. Equities research analysts anticipate 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.