Affiliated Managers Group, Inc. (AMG) To Go Ex-Dividend on November 19th

Affiliated Managers Group, Inc. (NYSE:AMG) announced a quarterly dividend on Monday, November 9th. Stockholders 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% meaning its dividend is sufficiently covered by earnings. Equities 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 Price Performance

AMG opened at $401.01 on Wednesday. Affiliated Managers Group has a 1 year low of $246.11 and a 1 year high of $407.06. The stock has a 50-day moving average price of $372.60 and a 200-day moving average price of $334.52. The firm has a market cap of $10.37 billion, a PE ratio of 14.00, a P/E/G ratio of 0.49 and a beta of 1.05. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.88 and a quick ratio of 1.24.

Affiliated Managers Group (NYSE:AMG) last issued its earnings results on Monday, November 9th. The asset manager reported $9.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.79 by $0.71. The business had revenue of $595.20 million during the quarter, compared to analysts’ expectations of $655.08 million. Affiliated Managers Group had a net margin of 34.96% and a return on equity of 24.44%. The business’s revenue for the quarter was up .0% compared to the same quarter last year. During the same period in the previous year, the company earned $6.10 earnings per share. Sell-side analysts predict that Affiliated Managers Group will post 36.87 earnings per share for the current fiscal year.

About Affiliated Managers Group

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.