Ameriprise Financial (AMP) DIvidends Date & History

Key Takeaways

• AMP pays a quarterly dividend of $1.70 per share, for an annualized payout of roughly $6.60 per share.
• The stock's dividend yield is approximately 1.3%, making it a modest-yield income holding rather than a high-yield one.
• Ameriprise Financial has raised its dividend for 21 consecutive years, a hallmark of dividend growth investing.
• The dividend payout ratio of about 16% of earnings leaves substantial room for future increases.
• The company complements its dividend with meaningful share buybacks, boosting total shareholder returns.

Dividend Overview

Ameriprise Financial, Inc. (AMP) is a diversified financial services company spanning wealth management, asset management, and retirement and insurance solutions. It pays a quarterly cash dividend, currently $1.70 per share, with a trailing twelve-month (TTM, meaning the most recent four quarters) payout of approximately $6.60 per share. Based on the company's share price, the dividend yield sits near 1.3%, a relatively modest figure.

The company is best characterized as a dividend growth stock rather than a high-yield stock. While its yield is not especially large, Ameriprise Financial has a long record of steadily increasing its payout. The most recent ex-dividend date was August 3, 2026, with payment made on August 21, 2026. For income-oriented investors, the appeal lies less in the current yield and more in the consistency and trajectory of the dividend.

Dividend History and Growth

Ameriprise Financial has paid dividends since 2005 and has increased its payout for 21 consecutive years, placing it firmly among reliable dividend growers. The most recent increase came in April 2026, when the quarterly dividend rose from $1.60 to $1.70 per share, a 6.25% increase.

Growth has been steady rather than dramatic. Over the past five years, the dividend has grown at an annualized rate of roughly 9%. Looking further back, the dividend has climbed from $1.13 per share quarterly in 2021 to the current $1.70, reflecting a deliberate, compounding strategy. The company has not cut its dividend during this period, underscoring a management philosophy that prioritizes dependable, predictable increases over large one-time jumps. This track record supports Ameriprise Financial's standing as a long-term dividend growth story.

Dividend Sustainability and Payout Ratio

Ameriprise Financial's dividend appears highly sustainable. The payout ratio, which measures dividends as a share of earnings, is roughly 16% based on trailing earnings per share (EPS, or profit divided by shares outstanding). This is a conservative figure, indicating the company retains the vast majority of its profits for reinvestment, debt management, and buybacks.

Coverage is even stronger when measured against cash generation. The dividend represents only about 8% of free cash flow (FCF, the cash remaining after operating and capital expenses), meaning the payout is comfortably covered by actual cash rather than accounting earnings. The company also maintains a solid financial position, with earnings that have historically exceeded dividend obligations by a wide margin. Combined with a disciplined buyback program, the low payout ratio gives management ample flexibility to continue raising the dividend even in a less favorable economic environment.

Dividend Compared to Industry Peers

Within the wealth and asset management sector, Ameriprise Financial's yield sits in line with comparable firms. RJF (Raymond James Financial) offers a yield of roughly 1.3%, while SCHW (Charles Schwab) yields around 1.3% to 1.4%. LPLA (LPL Financial) carries a notably lower yield of roughly 0.3% to 0.4%.

This comparison shows that Ameriprise Financial's yield is typical for its industry, neither exceptionally high nor unusually low. Where the company stands out is its 21-year streak of consecutive increases, a longer growth record than many peers. In short, AMP offers an average yield paired with an above-average growth history, positioning it as a balanced income option within its sector rather than a standout high-yield name.

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Is This Stock Attractive for Dividend Investors?

Ameriprise Financial is likely to appeal most to dividend growth investors and long-term investors who prioritize consistency and rising income over a high current yield. Its 21-year streak of increases and its roughly 9% five-year dividend growth rate make it a fitting choice for those building an income stream that compounds over time.

For conservative or income-focused investors seeking substantial immediate cash flow, the roughly 1.3% yield may be less compelling, since it lags the broader market and many high-dividend financials. However, the very low payout ratio of about 16% and strong free cash flow coverage suggest the dividend is secure and has room to grow. Investors who value total shareholder returns may also appreciate the company's buyback program, which enhances returns beyond the dividend alone. Overall, AMP is best suited to patient investors who prioritize dependable, growing dividends rather than high near-term income.

Disclaimer

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