Och-Ziff Capital Management Group LLC (OZM) Declares Quarterly Dividend of $0.02
Och-Ziff Capital Management Group LLC (NYSE:OZM) announced a quarterly dividend on Thursday, November 2nd, NASDAQ reports. Shareholders of record on Monday, November 13th will be given a dividend of 0.02 per share by the asset manager on Monday, November 20th. This represents a $0.08 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date of this dividend is Friday, November 10th.
Och-Ziff Capital Management Group has a dividend payout ratio of 33.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Och-Ziff Capital Management Group to earn $0.29 per share next year, which means the company should continue to be able to cover its $0.08 annual dividend with an expected future payout ratio of 27.6%.
Och-Ziff Capital Management Group (NYSE:OZM) last issued its earnings results on Thursday, November 2nd. The asset manager reported $0.07 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.04. Och-Ziff Capital Management Group had a negative return on equity of 55.73% and a net margin of 4.46%. The company had revenue of $125.26 million during the quarter, compared to the consensus estimate of $101.92 million. During the same quarter in the prior year, the business earned $0.05 earnings per share. The company’s revenue was down 9.8% compared to the same quarter last year.
Several equities research analysts have recently weighed in on the company. Zacks Investment Research downgraded Och-Ziff Capital Management Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 5th. Jefferies Group LLC upped their target price on Och-Ziff Capital Management Group from $3.00 to $3.50 and gave the stock a “hold” rating in a research report on Wednesday, October 4th. BidaskClub downgraded Och-Ziff Capital Management Group from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $3.25 target price on shares of Och-Ziff Capital Management Group in a research report on Tuesday, September 5th. One equities research analyst has rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. Och-Ziff Capital Management Group currently has a consensus rating of “Hold” and an average target price of $3.20.
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About Och-Ziff Capital Management Group
Och-Ziff Capital Management Group LLC (Och-Ziff) is an institutional alternative asset manager. The Company provides asset management services through its funds, which pursue a range of global investment opportunities. The Company operates through two segments: the Och-Ziff Funds and real estate business.
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