Oppenheimer Holdings, Inc. Declares Quarterly Dividend of $0.11 (OPY)
Oppenheimer Holdings, Inc. (NYSE:OPY) announced a quarterly dividend on Friday, October 27th, NASDAQ reports. Investors of record on Friday, November 10th will be paid a dividend of 0.11 per share by the financial services provider on Friday, November 24th. This represents a $0.44 annualized dividend and a dividend yield of 1.88%. The ex-dividend date of this dividend is Thursday, November 9th.
Shares of Oppenheimer Holdings (NYSE:OPY) opened at $23.40 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.69 and a current ratio of 1.22.
Oppenheimer Holdings (NYSE:OPY) last posted its earnings results on Friday, October 27th. The financial services provider reported $0.54 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.38. The business had revenue of $226.22 million during the quarter. Oppenheimer Holdings had a negative return on equity of 0.40% and a negative net margin of 0.02%.
A hedge fund recently raised its stake in Oppenheimer Holdings stock. The Manufacturers Life Insurance Company increased its stake in shares of Oppenheimer Holdings, Inc. (NYSE:OPY) by 12.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,985 shares of the financial services provider’s stock after buying an additional 1,089 shares during the quarter. The Manufacturers Life Insurance Company owned 0.08% of Oppenheimer Holdings worth $163,000 at the end of the most recent reporting period. Institutional investors own 40.76% of the company’s stock.
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About Oppenheimer Holdings
Oppenheimer Holdings Inc is a middle-market investment bank and service broker-dealer. The Company is engaged in a range of activities in the securities industry, including retail securities brokerage, institutional sales and trading, investment banking, research, market-making, trust services, and investment advisory and asset management services.
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