JMP Group Inc. (JMP) Declares $0.03 Dividend
JMP Group Inc. (NYSE:JMP) declared a dividend on Wednesday, April 19th. Investors of record on Friday, April 28th will be paid a dividend of 0.03 per share by the financial services provider on Monday, May 15th. The ex-dividend date is Wednesday, April 26th.
JMP Group has increased its dividend payment by an average of 40.2% per year over the last three years and has increased its dividend every year for the last 7 years. JMP Group has a payout ratio of 80.0% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities research analysts expect JMP Group to earn $0.49 per share next year, which means the company should continue to be able to cover its $0.36 annual dividend with an expected future payout ratio of 73.5%.
JMP Group (NYSE:JMP) opened at 5.90 on Thursday. The company has a 50 day moving average price of $6.11 and a 200 day moving average price of $6.08. JMP Group has a 52 week low of $4.97 and a 52 week high of $7.00. The stock has a market cap of $127.54 million, a price-to-earnings ratio of 45.38 and a beta of 1.03.
This article was originally published by and is the sole property of American Banking News. If you happen to be reading this article on another website, it was stolen and illegally republished in violation of U.S. and International copyright law. The original version of this story can be read at https://www.americanbankingnews.com/2017/04/20/jmp-group-inc-jmp-declares-0-03-dividend.html
JMP Group (NYSE:JMP) last posted its quarterly earnings results on Wednesday, February 15th. The financial services provider reported $0.13 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.03. JMP Group had a net margin of 0.75% and a return on equity of 2.39%. The company earned $36 million during the quarter, compared to the consensus estimate of $31.28 million. Analysts expect that JMP Group will post $0.45 EPS for the current fiscal year.
Separately, Zacks Investment Research cut shares of JMP Group from a “buy” rating to a “hold” rating in a research note on Tuesday, December 27th.
TRADEMARK VIOLATION WARNING: “JMP Group Inc. (JMP) Declares $0.03 Dividend” was originally reported by American Banking News and is owned by of American Banking News. If you are viewing this piece of content on another publication, it was stolen and republished in violation of United States & international trademark & copyright legislation. The legal version of this piece of content can be read at https://www.americanbankingnews.com/2017/04/20/jmp-group-inc-jmp-declares-0-03-dividend.html.
About JMP Group
JMP Group, Inc is a full-service investment banking and asset management firm. The Company operates in five segments: Broker-Dealer, Asset Management, Corporate Credit, Investment Income and Corporate Costs. The Broker-Dealer segment includes a range of services, such as underwriting and acting as a placement agent for public and private capital markets raising transactions and financial advisory services in mergers and acquisitions, restructuring and other strategic transactions.
Receive News & Ratings for JMP Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JMP Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.