Associated Banc-Corp (ASB) to Issue Quarterly Dividend of $0.25 on December 15th

Associated Banc-Corp (NYSE:ASB) declared a quarterly dividend on Tuesday, October 27th. Investors of record on Tuesday, December 1st will be given a dividend of $0.25 per share by the bank on Tuesday, December 15th. This represents a $1.00 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Tuesday, December 1st. This is a 4.2% increase from Associated Banc’s previous quarterly dividend of $0.24.

Associated Banc has raised its dividend by an average of 0.1% per year over the last three years and has raised its dividend every year for the last 13 years. Associated Banc has a dividend payout ratio of 35.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Associated Banc to earn $3.36 per share next year, which means the company should continue to be able to cover its $0.96 annual dividend with an expected future payout ratio of 28.6%.

Associated Banc Trading Down 0.8%

Shares of ASB opened at $29.96 on Thursday. The stock has a market cap of $5.66 billion, a PE ratio of 10.37, a PEG ratio of 1.03 and a beta of 0.80. The stock has a 50 day simple moving average of $29.70 and a 200-day simple moving average of $28.61. Associated Banc has a 1 year low of $23.87 and a 1 year high of $32.46. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.86.

Associated Banc (NYSE:ASB) last posted its earnings results on Thursday, October 22nd. The bank reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.05. Associated Banc had a net margin of 19.87% and a return on equity of 10.75%. The company had revenue of $468.51 million during the quarter, compared to analysts’ expectations of $463.69 million. During the same quarter in the previous year, the company posted $0.73 earnings per share. On average, sell-side analysts predict that Associated Banc will post 2.97 EPS for the current fiscal year.

About Associated Banc

Associated Banc-Corp is a regional bank holding company headquartered in Green Bay, Wisconsin. Through its principal subsidiary, Associated Bank, it provides banking and financial services to individuals, families, businesses and institutions.

Associated Bank offers commercial and corporate banking, retail banking, mortgage lending, consumer lending, treasury management, investment and wealth management, and institutional services. Its business banking activities include lending, deposit accounts, cash-management solutions and other services designed for small and middle-market companies.

The company primarily serves customers across Wisconsin, Illinois and Minnesota through its branch network and digital banking channels.