Ameriprise dividend
Ameriprise's dividend starts from a $1.70 quarterly rate, or a $6.80 annual run-rate. Ameriprise's 2025 earnings less dividends and buybacks left $175 million, while dividends absorbed $2,856 million and buybacks took $10,664 million.
How much does Ameriprise pay per share?
The dividend starts from a $1.70 quarterly rate, or a $6.80 annual run-rate. The base rises from $7.00 at the first date to $7.80 at the final date, with $7.40 in the middle. The bear holds the first two annual amounts at $6.80 before reaching $7.00, while the bull reaches $7.20 and then $8.40. Five years of increases, the latest raise and a payout near 17% support resilience, but insurance capital and market weakness could still delay increases.
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| EPS, diluted | 36.28 | 33.05 | 23.71 | 27.70 | 28.48 |
| − Dividends declared per diluted weighted-average share (calculated) | 6.25 | 5.76 | 5.28 | 4.86 | 4.39 |
| − Share buybacks, per share | 28.25 | 21.68 | 18.21 | 16.28 | 15.38 |
| = Kept, per share | 1.78 | 5.61 | 0.22 | 6.55 | 8.71 |
What this means. The “Kept, per share” number also subtracts share buybacks, so it is not simply profit left after dividends; buybacks are cash returned to shareholders, not a business expense.
Does Ameriprise's cash cover its dividend?
Across 2021–2025, earnings for common shareholders totalled $16,086 million. Dividends absorbed $2,856 million, while buybacks took $10,664 million. Buybacks therefore returned almost four dollars for each dollar of dividends, while the regular dividend remained the more durable commitment because management can vary repurchases without changing it.
The strongest evidence is therefore mixed but concrete: Ameriprise released insurance capital, reduced its share count and retained enough capacity to invest. In 2025, earnings less dividends and buybacks left $175 million, or $470 million using adjusted earnings; at June 2026, it reported $2.1 billion of excess capital and $2.8 billion of available holding-company liquidity. The strategy worked operationally, but the precise returns on individual acquisitions, technology spending and repurchases remain less transparent.
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| = Earnings for common shareholders | 3,563 | 3,401 | 2,556 | 3,149 | 3,417 |
| − Dividends declared on common shares | 614 | 593 | 569 | 553 | 527 |
| − Share buybacks | 2,774 | 2,231 | 1,963 | 1,851 | 1,845 |
| = Kept to grow and build capital | 175 | 577 | 24 | 745 | 1,045 |
| = Kept, on its adjusted earnings | 470 | 711 | 579 | 481 | 242 |
What this means. The company's own adjusted earnings are higher because it leaves out investment, market, restructuring, and other adjustments that our count includes.
What could change Ameriprise's dividend?
The view would move toward the bear case if advisor departures and Columbia outflows persist through 2027–2029, or if recruiting and servicing costs rise faster than revenue. Market or guarantee stress in 2028–2029 would matter more if it curtailed insurer distributions and buybacks.
| October 2027 | October 2028 | October 2029 | |
|---|---|---|---|
| Earnings | 4,181 (3,861 / 4,429) | 4,494 (3,799 / 4,840) | 4,793 (3,733 / 5,264) |
| Dividends per share | 7.00 (6.80 / 7.20) | 7.40 (6.80 / 7.80) | 7.80 (7.00 / 8.40) |
| Price to earnings | 11.50 (10.00 / 12.00) | 11.50 (9.50 / 12.50) | 11.50 (9.00 / 13.00) |
What is Ameriprise's dividend yield today?
At $500.80, Ameriprise has a $44,237.3 million market value. It trades at 12.1x trailing earnings. The 1.4% dividend yield and 6.3% buyback yield show that repurchases provide most shareholder distributions. Net interest income has held near 17% of revenue since its sharp rise in 2022–23. Pretax margin turned down from 2021 even as revenue grew, while ROE remains unusually high. EPS growth accompanied a falling diluted share count; in 2025, buybacks per share substantially exceeded dividends per share, leaving little earnings retained per share.