Oppenheimer Holdings Inc. (NYSE:OPY) to Issue Quarterly Dividend of $0.18

Oppenheimer Holdings Inc. (NYSE:OPY) announced a quarterly dividend on Friday, July 26th, NASDAQ reports. Stockholders of record on Friday, August 9th will be given a dividend of 0.18 per share by the financial services provider on Friday, August 23rd. This represents a $0.72 annualized dividend and a dividend yield of 1.36%. The ex-dividend date of this dividend is Friday, August 9th.

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

Oppenheimer Stock Performance

NYSE:OPY opened at $52.94 on Friday. The stock has a 50-day simple moving average of $48.27 and a two-hundred day simple moving average of $42.45. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.77 and a current ratio of 1.26. Oppenheimer has a 52-week low of $32.82 and a 52-week high of $58.35. The firm has a market capitalization of $546.87 million, a PE ratio of 14.27 and a beta of 1.16.

Oppenheimer (NYSE:OPY) last announced its quarterly earnings data on Friday, July 26th. The financial services provider reported $0.92 earnings per share (EPS) for the quarter. Oppenheimer had a return on equity of 5.90% and a net margin of 3.25%. The company had revenue of $330.59 million during the quarter.

Insider Buying and Selling at Oppenheimer

In related news, Director Evan Behrens sold 4,125 shares of the business’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $43.65, for a total value of $180,056.25. Following the sale, the director now directly owns 4,875 shares in the company, valued at $212,793.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 32.49% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Oppenheimer from a “buy” rating to a “strong-buy” rating in a report 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.