Artisan Partners Asset Management to Pay Higher Div for 4Q, Revenue and Earnings Rise

Dow Jones

02-05

By Josh Beckerman

Artisan Partners Asset Management declared a variable quarterly dividend and an annual special dividend that will pay more than their predecessors and posted higher fourth-quarter earnings.

The investment firm's quarterly payout will be 84 cents, up from 82 cents for the third quarter. The special dividend is 50 cents a share, compared with a 34-cent payout a year ago.

Artisan said fourth-quarter revenue was $297 million, up from $249 million in the 2023 fourth quarter. Adjusted earnings per share increased to $1.05 from 78 cents.

Shares rose 2.8% to $45.81 after hours.

Write to Josh Beckerman at josh.beckerman@wsj.com

(END) Dow Jones Newswires

February 04, 2025 18:48 ET (23:48 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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