Ameriprise Financial Stock To Go Ex-dividend Tomorrow (AMP)

NEW YORK (TheStreet) -- The ex-dividend date for Ameriprise Financial (NYSE:AMP) is tomorrow, August 1, 2012. Owners of shares as of market close today will be eligible for a dividend of 35 cents per share. At a price of $51.95 as of 9:30 a.m. ET, the dividend yield is 2.7%.

The average volume for Ameriprise Financial has been 1.6 million shares per day over the past 30 days. Ameriprise Financial has a market cap of $11.48 billion and is part of the financial sector and financial services industry. Shares are up 5.8% year to date as of the close of trading on Monday.

Ameriprise Financial Inc., through its subsidiaries, provides a range of financial products and services in the United States and internationally. The company has a P/E ratio of 11.8, below the average financial services industry P/E ratio of 12.4 and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Ameriprise Financial as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Ameriprise Financial Ratings Report.

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