MILWAUKEE--(BUSINESS WIRE)--Jul. 17, 2013--
Artisan Partners Asset Management Inc. (NYSE: APAM) today announced that
its board of directors has declared a quarterly dividend of $0.43 per
share of Class A common stock. The dividend will be paid on August 26,
2013 to shareholders of record as of the close of business on August 12,
2013.
As an investment manager, Artisan Partners is designed with a variable
expense structure that is responsive to the market and demand factors
that are difficult to anticipate from quarter to quarter. The firm’s
dividend policy, which targets the distribution of the majority of
annual adjusted earnings, is also designed to be responsive. Artisan
Partners plans to maintain a schedule of consistent quarterly dividends
subject to the discretion of its board of directors, which also expects
to consider an additional special dividend each year.
The dividend marks the first quarterly dividend since completion of
Artisan Partners’ initial public offering in March 2013.
About Artisan Partners
Artisan Partners is an independent investment management firm focused on
providing high value-added, active investment strategies to
sophisticated clients globally. Since 1994, the firm has been committed
to attracting experienced, disciplined investment professionals to
manage client assets. Artisan Partners has five autonomous investment
teams that oversee thirteen distinct U.S., non-U.S. and global
investment strategies. Each strategy is offered through multiple
investment vehicles to accommodate a broad range of client mandates. The
firm’s principal offices are located in Milwaukee, San Francisco,
Atlanta, New York and London.
Source: Artisan Partners Asset Management Inc.
Artisan Partners Asset Management Inc.
Investor Relations
Inquiries
Makela Taphorn
866.632.1770
414.908.2176
ir@artisanpartners.com
or
Press
Inquiries
Bob Batchelor
866.642.1770
pr@artisanpartners.com