Affiliated Managers Group (AMG) Declares Initial $0.20 Quarterly Dividend; Increases Buyback by 4M Shares

Affiliated Managers Group (NYSE: AMG) declared a quarterly dividend of $0.20 per share, or $0.8 annualized.

The dividend will be payable on February 23, 2017, to stockholders of record on February 9, 2017, with an ex-dividend date of February 7, 2017.

The annual yield on the dividend is 0.6 percent.

In addition, the Board of Directors has increased AMG’s share repurchase authorization to a total of four million shares. Under its share repurchase program, AMG may repurchase issued and outstanding shares of its common stock in open market or privately negotiated transactions, with the timing of purchases and the amount of stock purchased determined at the discretion of AMG’s management.

“The initiation of a dividend and ongoing repurchase of our shares evidence our confidence in AMG’s future business prospects and commitment to maximizing returns for our shareholders through the disciplined allocation of the strong and growing free cash flow generated by our business,” stated Sean M. Healey, Chairman and Chief Executive Officer of AMG.

For a dividend history and other dividend-related data on Affiliated Managers Group (AMG) click here.

You May Also Be Interested In

• Atmus Filtration Technologies (ATMU) Raises Quarterly Dividend 9.1% to $0.06; 0.5% Yield
• Newmarket (NEU) Declares $3.00 Quarterly Dividend; 1.3% Yield
• Navient (NAVI) Declares $0.16 Quarterly Dividend; 6.9% Yield