Oppenheimer Holdings Inc. (NYSE:OPY) to Issue $0.15 Quarterly Dividend

Oppenheimer Holdings Inc. (NYSE:OPY) announced a quarterly dividend on Wednesday, April 24th, NASDAQ reports. Investors of record on Friday, May 10th will be given a dividend of 0.15 per share by the financial services provider on Friday, May 24th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date of this dividend is Thursday, May 9th.

Oppenheimer has raised its dividend by an average of 7.7% per year over the last three years.

Oppenheimer Trading Down 0.2 %

Shares of Oppenheimer stock opened at $41.68 on Wednesday. The company has a current ratio of 1.26, a quick ratio of 0.77 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $430.55 million, a P/E ratio of 11.23 and a beta of 1.14. The stock has a fifty day simple moving average of $38.93 and a 200 day simple moving average of $39.00. Oppenheimer has a 12-month low of $32.82 and a 12-month high of $42.41.

Oppenheimer (NYSE:OPY) last posted its quarterly earnings data on Friday, April 26th. The financial services provider reported $2.37 earnings per share (EPS) for the quarter. The business had revenue of $353.14 million during the quarter. Oppenheimer had a net margin of 3.25% and a return on equity of 5.90%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Oppenheimer from a “buy” rating to a “strong-buy” rating in a research note on Monday, April 29th.

Oppenheimer Company Profile

Oppenheimer Holdings Inc operates as a middle-market investment bank and full-service broker-dealer in the Americas, Europe, the Middle East, and Asia. The company provides brokerage services covering corporate equity and debt securities, money market instruments, exchange-traded options and futures contracts, municipal bonds, mutual funds, exchange-traded funds, and unit investment trusts; financial and wealth planning services; and margin lending services.