Associated Capital Group Inc (AC) to Issue None Dividend of $0.10 on January 10th

Associated Capital Group Inc (NYSE:AC) announced a None dividend on Monday, November 6th, Zacks reports. Shareholders of record on Wednesday, December 27th will be given a dividend of 0.10 per share by the financial services provider on Wednesday, January 10th. This represents a yield of 0.58%. The ex-dividend date is Tuesday, December 26th.

Associated Capital Group (NYSE:AC) opened at $34.05 on Thursday. Associated Capital Group has a 52-week low of $32.20 and a 52-week high of $39.35. The stock has a market capitalization of $822.39, a P/E ratio of 75.43 and a beta of 0.83.

An institutional investor recently raised its position in Associated Capital Group stock. The Manufacturers Life Insurance Company raised its position in Associated Capital Group Inc (NYSE:AC) by 70.8% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 5,495 shares of the financial services provider’s stock after purchasing an additional 2,278 shares during the period. The Manufacturers Life Insurance Company ‘s holdings in Associated Capital Group were worth $187,000 at the end of the most recent quarter. Institutional investors own 13.87% of the company’s stock.

Separately, Canaccord Genuity reiterated a “buy” rating and set a $33.00 target price on shares of Associated Capital Group in a research report on Monday, October 23rd.

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Associated Capital Group Company Profile

Associated Capital Group, Inc is a parent operating company for the spin-off of GAMCO Investors, Inc’s (GAMCO’s) alternative investment management business, institutional research services operations and certain cash and other assets. The Company, through its subsidiaries, provides alternative investment management services and institutional research services, as well as management of its investment portfolio.

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