JMP Group LLC (NYSE:JMP) announced a monthly dividend on Monday, October 23rd, Wall Street Journal reports. Investors of record on Thursday, November 30th will be given a dividend of 0.03 per share by the financial services provider on Friday, December 15th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 6.56%. The ex-dividend date is Wednesday, November 29th.

JMP Group has raised its dividend payment by an average of 40.2% annually over the last three years and has raised its dividend every year for the last 7 years. JMP Group has a dividend payout ratio of 112.5% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect JMP Group to earn $0.41 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 87.8%.

JMP Group (NYSE:JMP) traded down 1.96% during midday trading on Monday, hitting $5.49. 15,698 shares of the stock were exchanged. JMP Group has a one year low of $5.20 and a one year high of $7.70. The firm’s market capitalization is $118.24 million. The company has a 50 day moving average price of $5.49 and a 200 day moving average price of $5.51.

JMP Group (NYSE:JMP) last issued its earnings results on Tuesday, August 1st. The financial services provider reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.04. The company had revenue of $23.14 million for the quarter, compared to analyst estimates of $25.20 million. JMP Group had a negative net margin of 10.35% and a positive return on equity of 1.52%. Equities analysts anticipate that JMP Group will post $0.28 EPS for the current year.

In other news, Director Glenn H. Tongue acquired 10,000 shares of JMP Group stock in a transaction that occurred on Thursday, August 3rd. The shares were acquired at an average price of $5.41 per share, with a total value of $54,100.00. Following the purchase, the director now directly owns 155,652 shares of the company’s stock, valued at $842,077.32. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 52.11% of the stock is currently owned by company insiders.

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Several brokerages have recently issued reports on JMP. Zacks Investment Research lowered shares of JMP Group from a “hold” rating to a “sell” rating in a research note on Wednesday, October 18th. Keefe, Bruyette & Woods began coverage on shares of JMP Group in a research note on Monday, October 16th. They issued a “mkt perform” rating and a $5.75 target price on the stock.

JMP Group Company Profile

JMP Group LLC, formerly 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.

Dividend History for JMP Group (NYSE:JMP)

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