Manning & Napier (MN) Declares $0.16 Quarterly Dividend; 7.6% Yield
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Manning & Napier, Inc. Announces Quarterly Dividend
April 27, 2016 4:06 PM EDTFAIRPORT, N.Y., April 27, 2016 /PRNewswire/ -- Manning & Napier, Inc. (NYSE: MN), ("Manning & Napier" or "the Company") today announced that its Board of Directors has declared a quarterly dividend of $0.16 per share of Class A common stock. The dividend will be paid on or about August 1, 2016 to shareholders of record as of the close of business on July 15, 2016. The dividend marks the eighteenth quarterly dividend since the Company's Initial Public Offering conducted in November 2011.
About Manning & Napier, Inc. Manning & Napier (NYSE: MN)... More
Manning & Napier, Inc. Reports First Quarter 2016 Earnings Results
April 27, 2016 4:05 PM EDTFAIRPORT, N.Y., April 27, 2016 /PRNewswire/ -- Manning & Napier, Inc. (NYSE: MN), ("Manning & Napier" or "the Company") today reported 2016 first quarter results for the period ended March 31, 2016.
Summary Highlights
First quarter income before taxes and economic net income, a non-GAAP measure, were $23.9 million and $15.0 million, or $0.18 per adjusted share Assets under management ("AUM") at March 31, 2016 were $34.7 billion, compared with $35.4 billion at December 31, 2015 Revenue for the first quarter decreased 29% year-over-year and decreased 11% sequentially to $64.5 million The Company's Board of Directors declared a quarterly... More