Institutional Financial Markets Inc (IFMI) to Issue Quarterly Dividend of $0.02
Institutional Financial Markets Inc (NYSEMKT:IFMI) declared a quarterly dividend on Tuesday, August 8th, Wall Street Journal reports. Shareholders of record on Thursday, August 17th will be given a dividend of 0.02 per share by the financial services provider on Thursday, August 31st. This represents a $0.08 annualized dividend and a yield of 6.96%. The ex-dividend date of this dividend is Tuesday, August 15th.
Institutional Financial Markets (NYSEMKT:IFMI) traded up 0.88% during trading on Tuesday, reaching $1.15. 1,169 shares of the company’s stock traded hands. The firm’s 50 day moving average is $1.18 and its 200 day moving average is $1.21. Institutional Financial Markets has a 12 month low of $0.94 and a 12 month high of $1.65. The company has a market cap of $13.67 million, a P/E ratio of 5.11 and a beta of 0.26.
Institutional Financial Markets (NYSEMKT:IFMI) last announced its quarterly earnings data on Thursday, August 3rd. The financial services provider reported $0.03 earnings per share for the quarter. Institutional Financial Markets had a net margin of 6.70% and a return on equity of 6.87%. The business had revenue of $11.37 million for the quarter.
IFMI has been the topic of several analyst reports. TheStreet upgraded shares of Institutional Financial Markets from a “d” rating to a “c” rating in a report on Tuesday, May 30th. ValuEngine lowered shares of Institutional Financial Markets from a “buy” rating to a “hold” rating in a report on Friday, July 28th.
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About Institutional Financial Markets
Institutional Financial Markets, Inc (IFMI) is a financial services company. The Company specializes in credit-related fixed income investments. The Company provides a range of capital markets, investment banking and asset management solutions to institutional investors, corporations and other small broker-dealers.
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