WASHINGTON (dpa-AFX) - Ameriprise Financial Inc. (AMP) reported that its fourth-quarter net income attributable to the company was $253 million, down from $280 million in the same quarter last year. Earnings per share were unchanged at $1.08. Net income from continuing operations attributable to Ameriprise Financial for the fourth quarter of 2011 was $240 million, or $1.02 per share, compared to $306 million, or $1.18 per share, a year ago. Operating earnings were $312 million, or $1.33 per share, compared to $340 million, or $1.31 per share, a year ago. The decline in fourth quarter 2011 operating earnings primarily reflected lower revenues compared to a year ago. Total net revenues for the quarter rose to $2.582 billion from $2.558 billion in the prior year quarter. Analysts polled by Thomson Reuters expected the company to report earnings of $1.40 per share on revenues of $2.53 billion for the quarter. Analysts' estimates typically exclude special items. The company also announced a $0.05 per share, or 22 percent, increase in the company's regular quarterly dividend payable on February 24, 2012 to shareholders of record at the close of business on February 10, 2012.
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