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MINNEAPOLIS - Ameriprise Financial, Inc. (NYSE:AMP) announced Wednesday that its Board of Directors has declared a quarterly cash dividend of $1.60 per common share, maintaining its impressive 20-year streak of dividend increases. The dividend, representing a 1.19% yield, will be payable on August 18, 2025, to shareholders of record at the close of business on August 4, 2025.
The financial services company, which provides investment advice, asset management, and insurance solutions, made the announcement in a press release statement. With a market capitalization of $51.13 billion and an "GOOD" financial health rating according to InvestingPro, Ameriprise Financial maintains a nationwide network of more than 10,000 financial advisors serving individual and institutional investors.
The company has been operating for more than 130 years, according to the statement. InvestingPro analysis reveals the company’s strong financial position, with additional insights available in the comprehensive Pro Research Report, one of 1,400+ detailed company analyses available to subscribers.
In other recent news, Ameriprise Financial reported its first-quarter 2025 earnings, showcasing a stronger-than-expected performance with adjusted operating earnings per share of $9.50, surpassing the forecasted $9.14. The company saw a 5% increase in total revenues to $4.35 billion, although this was below the anticipated $4.44 billion. Meanwhile, Argus analysts adjusted their outlook on Ameriprise, lowering the price target from $582.00 to $550.00 but maintaining a Buy rating. This revision reflects caution due to expected revenue declines in the second quarter of 2025, attributed to economic uncertainties and a projected slowdown in its Advice & Wealth Management segment. Additionally, Morgan Stanley downgraded Ameriprise from Equalweight to Underweight, raising concerns about slower organic asset and earnings growth compared to peers. They highlighted potential lingering outflows in the asset management division, despite raising the price target to $530.00 from $462.00. These developments provide a comprehensive view of the recent changes and expectations surrounding Ameriprise Financial.
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