Dividend Announcement Thread!

[EricL]

(05-07-2020, 09:05 AM)Binary Wrote:

(05-07-2020, 08:59 AM)EricL Wrote:

(05-07-2020, 08:54 AM)Binary Wrote:

(05-06-2020, 04:10 PM)EricL Wrote: A bigger raise than I was expecting from Ameriprise, as I was thinking they'd go with just a 3% raise to $1.00.

The raise brings the yield to nearly 3.9%, the highest it's been since the '08/'09 recession.

Earnings beat too, could be a nice pop tomorrow.

MINNEAPOLIS--(BUSINESS WIRE)-- The Board of Directors of Ameriprise Financial, Inc. (NYSE: AMP) increased the company’s quarterly cash dividend by 7 percent, or $0.07 per diluted share, to $1.04 per diluted share payable on May 29, 2020 to shareholders of record at the close of business on May 18, 2020.

I bought it a few weeks ago at 105, but only a tiny position. And now seeing these news I actually feel regret, I should have bought more...

Up 18.5% right now. Apparently the market liked the report!

Mine is a pretty small position as well, hopefully this is the start of it growing into a full one.

Could have been for me too, but I lost my apetite seeing that +18%. Let's hope for some big red numbers in the next days What's your desired entry yield by the way?

I think anything above a 3% yield for AMP is a really good price. FAST Graphs puts fair value around $186 (depending on reliability of EPS estimates), and it's still trading 30% below 52-week highs.