Ameriprise Financial stock dividend – Ameriprise Financial Announces Quarterly Dividend

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Ameriprise Financial ($NYSE:AMP) is a leading financial services company with over $1 trillion in assets under management. The company offers a wide range of financial products and services, including investment management, financial planning, and insurance. Ameriprise Financial has announced a $1.25/share quarterly dividend, which is in line with previous quarters.

The dividend is payable Nov. 18 to shareholders of record Nov. 7, and the ex-dividend date is Nov. The company’s strong financial performance and consistent dividend payments have made it a popular choice for income investors. Ameriprise Financial’s stock has outperformed the market in recent years, and the company is well-positioned for continued growth.

Dividends – Ameriprise Financial stock dividend

Ameriprise Financial, Inc. announced today that it has declared a quarterly dividend of $4.64 per share on its common stock. Ameriprise Financial has a long history of paying dividends and is committed to maintaining its dividend payout at a level that is sustainable over the long term. The company’s dividend yields from 2020 to 2022 are 2.78%, 1.78%, and 1.65%. If you are looking for dividend stocks, Ameriprise Financial might be worth considering.

Stock Price

This dividend is payable on October 1, 2020, to shareholders of record at the close of business on September 10, 2020. “We are pleased to announce our quarterly dividend,” said James M. Cracchiolo, Chairman and CEO. “Ameriprise has a long history of paying regular dividends and we are committed to delivering value to our shareholders.” The company provides financial planning, advice and solutions, including wealth management, asset management, insurance, annuities and estate planning for individuals, families and businesses.

VI Analysis

Ameriprise Financial is a large financial services company with a long history. The company’s fundamentals reflect its long term potential, and Ameriprise Financial is classified as a ‘rhino’ company – a type of company that has achieved moderate revenue or earnings growth. Ameriprise Financial is strong in dividend payments, medium in growth potential, and weak in asset management and profitability. The company’s intermediate health score of 6/10 indicates that it is able to pay off debt and fund future operations. Investors interested in Ameriprise Financial may be attracted to its dividend payments and long term potential.

However, the company’s weak profitability and asset management may be cause for concern.

VI Peers

Ameriprise Financial Inc. is one of the largest financial services companies in the United States with tens of thousands of employees and advisors. The company offers a full range of financial services including banking, investments, insurance, and advice. Ameriprise Financial Inc. has a large network of branches and ATMs across the United States. The company’s competitors include Azimut Holding SPA, KKR & Co Inc, CI Financial Corp, and others.

– Azimut Holding SPA ($OTCPK:AZIHY)

Azimut Holding SPA is a holding company for the Azimut Group, a financial services provider. The Group offers a wide range of services, including asset management, private banking, and insurance. As of 2022, the Group had a market capitalization of 2.89 billion euros and a return on equity of 40.25%. The Group’s products and services are available in more than 20 countries worldwide.

– KKR & Co Inc ($NYSE:KKR)

KKR & Co Inc is a New York City-based global investment firm that manages multiple alternative asset classes, including private equity, energy, infrastructure, real estate, credit, and hedge funds. The company had a market cap of $44.73B as of 2022 and a ROE of 4.34%. KKR’s portfolio includes some of the world’s leading companies, such as First Data, Dell Technologies, and Walgreens Boots Alliance. The company has a team of over 1,600 professionals operating in 28 countries.

– CI Financial Corp ($TSX:CIX)

CI Financial Corp is a diversified wealth management company that provides financial services to clients through its subsidiaries. The company has a market cap of 2.62B as of 2022 and a ROE of 28.09%. CI Financial’s subsidiaries include CI Investments, Assante Wealth Management, and CI Private Counsel. The company’s primary operations are in Canada, but it also has a presence in the United States, Europe, and Asia.

Summary

Investing in AMERIPRISE FINANCIAL can be a smart move for investors looking for exposure to a leading financial services company. AMERIPRISE FINANCIAL has a strong track record of delivering shareholder value, and its shares have outperformed the broader market over the long term. The company’s dividend yield is also attractive, making AMERIPRISE FINANCIAL an attractive income-generating investment.