Manning & Napier (MN) Lowers Quarterly Dividend 75% to $0.02; 3.6% Yield

Manning & Napier (NYSE: MN) declared a quarterly dividend of $0.02 per share, or $0.08 annualized. This is a 75% decrease from the prior dividend of $0.08.

The dividend will be payable on February 1, 2019, to stockholders of record on January 15, 2019, with an ex-dividend date of January 14, 2019.

The annual yield on the dividend is 3.6 percent.

DIVIDEND CUT

The reduction from the previous dividend of $0.08 per share is expected to provide the Company with additional financial flexibility while it pursues initiatives to strengthen its core business and infrastructure. The Company continues to maintain a meaningful cash position to support ongoing operations and key initiatives as identified within the Company's strategic business plan. The Board of Directors will continue to review the dividend on a quarter-by-quarter basis.

For a dividend history and other dividend-related data on Manning & Napier (MN) click here.

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