AMERIPRISE FINANCIAL SERVICES, INC. (AMP) raised its dividend by 11% recently. Thanks to dividend reinvestment and thanks to the increase, my next dividend payment will be about 14% more than my first one. In addition to the significant increase in dividend payments going forward, there has also been a significant increase in the share price of AMP.
AMP has been growing profits by 10% per year since it went public in 2005. As more and more folks use financial services companies to manage their wealth, I anticipate that AMP will continue to grow over time.
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