Ameriprise Financial, Inc. to Issue Quarterly Dividend of $1.60 (NYSE:AMP)

Ameriprise Financial, Inc. (NYSE:AMPGet Free Report) announced a quarterly dividend on Thursday, January 29th. Shareholders of record on Monday, February 9th will be paid a dividend of 1.60 per share by the financial services provider on Friday, February 27th. This represents a c) dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Monday, February 9th.

Ameriprise Financial has increased its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 21 years. Ameriprise Financial has a payout ratio of 16.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Ameriprise Financial to earn $42.42 per share next year, which means the company should continue to be able to cover its $6.40 annual dividend with an expected future payout ratio of 15.1%.

Ameriprise Financial Price Performance

Shares of NYSE:AMP traded up $20.49 on Thursday, reaching $520.16. 1,211,625 shares of the company traded hands, compared to its average volume of 470,978. The stock has a market capitalization of $48.33 billion, a PE ratio of 13.19, a P/E/G ratio of 1.29 and a beta of 1.26. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.68 and a quick ratio of 0.68. The company’s 50 day moving average is $489.58 and its 200-day moving average is $492.28. Ameriprise Financial has a fifty-two week low of $396.14 and a fifty-two week high of $582.05.

Ameriprise Financial (NYSE:AMPGet Free Report) last announced its earnings results on Thursday, January 29th. The financial services provider reported $10.83 EPS for the quarter, topping the consensus estimate of $10.33 by $0.50. Ameriprise Financial had a net margin of 20.12% and a return on equity of 64.97%. The company had revenue of $4.90 billion during the quarter, compared to analysts’ expectations of $4.75 billion. During the same period last year, the company posted $9.54 earnings per share. The business’s revenue for the quarter was up 10.2% on a year-over-year basis. As a group, analysts anticipate that Ameriprise Financial will post 38.64 earnings per share for the current fiscal year.

Key Ameriprise Financial News

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Ameriprise Financial Company Profile

(Get Free Report)

Ameriprise Financial, Inc is a diversified financial services company headquartered in Minneapolis, Minnesota. The firm provides a range of advice-based wealth management, asset management and insurance products to individual and institutional clients. Its business model centers on delivering financial planning and investment advice through a network of financial advisors alongside proprietary product offerings designed to meet retirement, protection and accumulation needs.

Core products and services include comprehensive financial planning and advisory services, managed investment portfolios, retirement planning solutions, annuities and life insurance products.

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Dividend History for Ameriprise Financial (NYSE:AMP)

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