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.

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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.

Dividend History for JMP Group (NYSE:JMP)

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.

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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.

5 Day Chart for NYSE:JMP

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