Ameriprise Financial (AMP) reported excellent underlying financial news for Q1 on April 24 and raised its dividend by 8% to $1.35 per share. But AMP stock is faltering, providing a unique buying opportunity for value investors.
For example, the financial wealth management company stock is down almost 6% on April 25 to $294.52. Given its new annual dividend of $5.40, that puts the dividend yield at 1.83%. This is significantly higher than its average yield of 1.60% in the last year and 1.47% in 2021.
