Associated Banc-Corp (ASB) to Issue Quarterly Dividend of $0.24 on June 15th

Associated Banc-Corp (NYSE:ASB) announced a quarterly dividend on Tuesday, April 28th. Stockholders of record on Monday, June 1st will be paid a dividend of 0.24 per share by the bank on Monday, June 15th. This represents a c) dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date is Monday, June 1st.

Associated Banc has raised its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 13 years. Associated Banc has a dividend payout ratio of 35.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect Associated Banc to earn $3.21 per share next year, which means the company should continue to be able to cover its $0.96 annual dividend with an expected future payout ratio of 29.9%.

Associated Banc Stock Performance

Shares of Associated Banc stock opened at $27.83 on Friday. The firm has a market cap of $4.62 billion, a price-to-earnings ratio of 9.66, a price-to-earnings-growth ratio of 1.61 and a beta of 0.79. The stock’s 50-day moving average is $27.19 and its 200-day moving average is $26.74. Associated Banc has a one year low of $22.48 and a one year high of $29.51. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.90 and a quick ratio of 0.90.

Associated Banc (NYSE:ASB) last issued its quarterly earnings results on Thursday, April 23rd. The bank reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.01. The company had revenue of $387.21 million for the quarter, compared to analyst estimates of $384.20 million. Associated Banc had a return on equity of 10.46% and a net margin of 19.88%.During the same period in the previous year, the company posted $0.59 earnings per share. Equities analysts predict that Associated Banc will post 2.92 earnings per share for the current fiscal year.

About Associated Banc

Associated Banc-Corp, through its primary subsidiary Associated Bank, N.A., is a regional financial services company headquartered in Green Bay, Wisconsin. The bank operates more than 200 branches across the Midwest, offering community-focused banking solutions for individuals, small businesses and commercial clients. Its emphasis on personalized service and regional decision-making supports long-standing customer relationships.

On the consumer side, Associated Bank provides checking and savings accounts, residential mortgages, home equity lines of credit, auto financing and credit card products.