JMP Group LLC (NYSE:JMP) declared a monthly dividend on Monday, October 23rd, Wall Street Journal reports. Shareholders of record on Friday, December 29th will be given a dividend of 0.03 per share by the financial services provider on Monday, January 15th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 6.56%. The ex-dividend date of this dividend is Thursday, December 28th.

JMP Group has raised its dividend 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 dividend payout ratio of 112.5% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. 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 (JMP) traded down 1.96% during trading on Monday, hitting $5.49. The company’s stock had a trading volume of 15,698 shares. JMP Group has a one year low of $5.20 and a one year high of $7.70. The firm’s market cap is $118.24 million. The company has a 50-day moving average of $5.49 and a 200 day moving average of $5.51.

JMP Group (NYSE:JMP) last announced its earnings results on Tuesday, August 1st. The financial services provider reported $0.03 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.04. JMP Group had a negative net margin of 10.35% and a positive return on equity of 1.52%. The business had revenue of $23.14 million during the quarter, compared to the consensus estimate of $25.20 million. On average, equities analysts forecast that JMP Group will post $0.28 earnings per share for the current year.

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In other JMP Group news, Director Glenn H. Tongue bought 10,000 shares of the firm’s stock in a transaction dated Thursday, August 3rd. The stock was acquired at an average price of $5.41 per share, for a total transaction of $54,100.00. Following the completion of the purchase, the director now owns 155,652 shares of the company’s stock, valued at $842,077.32. The acquisition was disclosed in a filing with the SEC, which is available through this link. 52.11% of the stock is currently owned by corporate insiders.

Several brokerages have recently weighed in on JMP. Zacks Investment Research downgraded 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 set a “mkt perform” rating and a $5.75 target price for the company.

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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