Artisan Partners Asset Management Inc. (APAM) to Distribute Quarterly Dividend of $0.80 on August 31st

Artisan Partners Asset Management Inc. (NYSE:APAM) announced a quarterly dividend on Tuesday, July 28th. Shareholders of record on Monday, August 17th will be paid a dividend of 0.80 per share by the asset manager on Monday, August 31st. This represents a c) annualized dividend and a dividend yield of 7.6%. The ex-dividend date is Monday, August 17th. This is a 3.9% increase from Artisan Partners Asset Management’s previous quarterly dividend of $0.77.

Artisan Partners Asset Management has raised its dividend by an average of 0.0%per year over the last three years. Artisan Partners Asset Management has a payout ratio of 94.4% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Analysts expect Artisan Partners Asset Management to earn $3.89 per share next year, which means the company should continue to be able to cover its $3.20 annual dividend with an expected future payout ratio of 82.3%.

Artisan Partners Asset Management Stock Down 1.2%

Shares of NYSE APAM opened at $42.17 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.90 and a quick ratio of 0.90. The stock has a market capitalization of $3.42 billion, a PE ratio of 10.24 and a beta of 1.67. Artisan Partners Asset Management has a one year low of $33.96 and a one year high of $47.57. The business’s fifty day moving average price is $38.02 and its 200-day moving average price is $38.47.

Artisan Partners Asset Management (NYSE:APAM) last announced its quarterly earnings data on Tuesday, July 28th. The asset manager reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.03. The company had revenue of $307.91 million during the quarter, compared to analyst estimates of $301.32 million. Artisan Partners Asset Management had a return on equity of 73.11% and a net margin of 24.08%.The firm’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.83 EPS. On average, equities research analysts anticipate that Artisan Partners Asset Management will post 3.91 EPS for the current year.

Artisan Partners Asset Management Company Profile

Artisan Partners Asset Management Inc is a global investment management firm that specializes in active, fundamental research-driven strategies across a range of equity, fixed income and alternative asset classes. Founded in 1994 by Andrew Ziegler, the company has built a reputation for its team-based approach to portfolio construction, emphasizing deep sector expertise and independent analysis. Its product lineup includes U.S. and international equity strategies, global emerging markets, as well as credit and multisector fixed income offerings.

Artisan Partners serves a diverse client base that spans institutional investors, intermediaries and high-net-worth individuals located in North America, Europe and Asia.