LONDON, UK / ACCESSWIRE / August 2, 2017 / Pro-Trader Daily takes a closer look at Ameriprise Financial, Inc. (NYSE: AMP) as the Company's stock will begin trading ex-dividend on August 03, 2017. In order to capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date that is by latest at the end of the trading session on August 02, 2017. Are you looking for research on dividend stocks, if so register with us now for your free membership at:

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Dividend Declared

On July 25, 2017, Ameriprise Financial's Board of Directors declared a quarterly cash dividend of $0.83 per common share payable on August 18, 2017, to shareholders of record at the close of business on August 07, 2017.

Ameriprise' indicated dividend represents a yield of 2.30% compared with the average dividend yield of 3.17% for the Financial sector. The Company has paid dividend for more than 10 straight years in a row and has raised its cash dividend for 7 consecutive years.

Dividend Insights

Ameriprise has a dividend payout ratio of 29.3%, which indicates that the Company distributes approximately $0.29 for every $1.00 earned. The dividend payout ratio reflects how much money a company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.

According to analysts' estimates, Ameriprise is forecasted to report earnings of $12.49 which is approximately four times of the Company's annualized dividend of $3.32.

As of June 30, 2017, Ameriprise had cash and cash equivalents worth $2.39 billion, while its total cash, cash equivalents, and available-for-sale securities totaled $31.59 billion. The strong financial position indicates the Company's ability to absorb any fluctuations in earnings and cash flow and to sustain the dividend distribution for a long period.

About the Company

Ameriprise Financial through its subsidiaries provides various financial products and services to individual and institutional clients in the United States and internationally. The Company was formerly known as American Express Financial Corporation and changed its name to Ameriprise Financial, Inc. in September 2005. Ameriprise Financial was founded in 1894 and is headquartered in Minneapolis, Minnesota.

Recent Development for Ameriprise Financial

On July 25, 2017, Ameriprise Financial reported Q2 2017 net income of $393 million, up 17% compared to a year ago, or $2.50 per diluted share, up 27% on y-o-y basis. The Company's operating earnings were $441 million, up 16% on y-o-y basis, with operating earnings per diluted share of $2.80, surged 26%.

Ameriprise Financial's net revenues of $3.0 billion increased 4% on a y-o-y basis, primarily due to strong revenue growth in Advice & Wealth Management. Normalizing for the net impacts of transitioning advisory accounts to share classes without 12b-1 fees, net revenues increased 6% due to strong net revenue growth in Advice & Wealth Management from growth in client assets.

Stock Performance

On Tuesday, August 01, 2017, the stock closed the trading session at $145.92, slightly up 0.72% from its previous closing price of $144.88. A total volume of 1.19 million shares have exchanged hands, which was higher than the 3-month average volume of 1.06 million shares. Ameriprise Financial's stock price skyrocketed 13.02% in the last three months, 29.97% in the past six months, and 53.88% in the previous twelve months. Furthermore, since the start of the year, shares of the Company have soared 31.53%. The stock is trading at a PE ratio of 16.64 and has a dividend yield of 2.28%. At Tuesday's closing price, the stock's net capitalization stands at $21.95 billion.

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