Dividend Growth of AllianceBernstein Holding L.P.(AB)

AllianceBernstein Holding L.P.(AB) is having a Dividend Yield of 7.61% with the Annual cash Dividend per share of $1.75. The last quarter cash dividend per share pay out was $0.45. AllianceBernstein Holding L.P. has a 5 year average dividend yield of 7.12% and the stock has a Indicated annual dividend of $1.8. AllianceBernstein Holding L.P.(AB) formally announced its most recent dividend on February 15, 2017 with a Dividend per share of $0.67. The new indicated annual dividend based on announced dividend per share is $2.68. The dividend yield based on the forward looking indicated annual dividend is 11.33%. AllianceBernstein Holding L.P.(AB) has the most recent dividend payout ratio of 0.91 with a 5-year average payout ratio of 0.99. The 5 year historical dividend growth of AllianceBernstein Holding L.P.(AB) is at the rate of 16.57% while the R-Squared dividend growth is 0.4. If the value of R-Square is close to one, it indicates a perfect fit and the higher value conforms to the regression line while data close to zero indicates the opposite.

AllianceBernstein Holding L.P. (NYSE:AB) rose 0.85% or 0.2 points on Thursday and made its way into the gainers of the day. After trading began at $23.75 the stock was seen hitting $24.2 as a peak level and $23.75 as the lowest level. The stock ended up at $23.85. The daily volume was measured at 562,264 shares. The 52-week high of the share price is $25 and the 52-week low is $17.478. The company has a market cap of $2,303 million. Shares of AllianceBernstein Holding L.P. rose by 2.58% in the last five trading days and 3.47% for the last 4 weeks. AllianceBernstein Holding L.P. is up 2.36% in the last 3-month period. Year-to-Date the stock performance stands at 1.71%.

Currently the company Insiders own 3.4% of AllianceBernstein Holding L.P. shares according to the proxy statements. Institutional Investors own 25.7% of AllianceBernstein Holding L.P. shares. Company has reported several Insider transactions to the SEC, on Feb 2, 2017, Scott A Schoen (director) purchased 11,500 shares at 23.09 per share price.On Dec 5, 2016, Weston M Hicks (director) sold 4,539 shares at 21.50 per share price.On Jun 9, 2016, Edward J Farrell (SVP and Controller) sold 5,000 shares at 23.61 per share price.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.AllianceBernstein Holding LP was Downgraded by BofA/Merrill to Underperform on Dec 16, 2016. AllianceBernstein Holding LP was Downgraded by Citigroup to Neutral on Nov 22, 2016.

AllianceBernstein Holding LP Last issued its quarterly earnings results on Feb 14, 2017. The company reported $0.67 EPS for the quarter, beating the analyst consensus estimate by $ 0.18. Analyst had a consensus of $0.49. The company had revenue of $786.26 million for the quarter, compared to analysts expectations of $740.37 million. The companys revenue was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.50 EPS.

ALLIANCE CAP MANAGEMENT L.P. provides diversified investment management services, primarily to pension funds, endowments, foreign financial institutions, and to individual investors.


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