** Shares of Australian wealth manager AMP Ltd AMP.AX fall 13.1% to A$1.520, their lowest level since November 21 last year

** AMP top loser in the ASX200 benchmark index .AXJO

** Declares final dividend of 1 Australian cent per share, below Visible Alpha consensus of 2.6 Australian cents apiece

** FY24 underlying NPAT of A$236 million ($149.03 million) falls shy of Citi estimate of A$242 million, but beats VA consensus marginally

** AMP says to target a dividend payout of 2 Aussie cents apiece each half through 2025

** Both the 2H24 (final) dividend and likely too the FY25 target dividend disappoint, says Citi

** More than 7.9 mln shares change hands, vs the 30-day average of 5.9 mln shares

** AMP stock down 2% this year, including the day's move

($1 = 1.5835 Australian dollars)

(Reporting by Sameer Manekar in Bengaluru)

((Sameer.Manekar@thomsonreuters.com;))