MILWAUKEE--(BUSINESS WIRE)--Artisan Partners Asset Management Inc. (NYSE: APAM) today announced that its board of directors has declared a quarterly dividend of $0.60 per share of Class A common stock. The dividend will be paid on August 31, 2015, to shareholders of record as of the close of business on August 17, 2015. Based on Artisan’s projections and subject to change, the company expects some portion of its 2015 dividend payments to constitute a return of capital for tax purposes.
Artisan also announced that its board of directors has appointed Eric R. Colson to the position of Chairman of the Board, effective August 1, 2015. Mr. Colson will continue to serve as Artisan’s Chief Executive Officer, a position he has held since January of 2010. Andrew A. Ziegler, who co-founded the firm in 1994, will remain on the board as Lead Director. The board believes that the appointment of Mr. Colson as Chairman is a natural next step in the firm’s long-term succession planning process.
About Artisan Partners
Artisan Partners is a global investment management firm that provides a broad range of high value-added investment strategies in growing asset classes to sophisticated clients around the world. Since 1994, the firm has been committed to attracting experienced, disciplined investment professionals to manage client assets. Artisan Partners’ autonomous investment teams oversee a diverse range of investment strategies across multiple asset classes. Strategies are offered through various investment vehicles to accommodate a broad range of client mandates.