Oppenheimer Holdings Inc. Plans Quarterly Dividend of $0.18 (NYSE:OPY)

Oppenheimer Holdings Inc. (NYSE:OPY) announced a quarterly dividend on Monday, April 28th, Wall Street Journal reports. Stockholders of record on Friday, May 9th will be paid a dividend of 0.18 per share by the financial services provider on Friday, May 23rd. This represents a $0.72 annualized dividend and a dividend yield of 1.21%. The ex-dividend date of this dividend is Friday, May 9th.

Oppenheimer has increased its dividend payment by an average of 6.9% per year over the last three years.

Oppenheimer Trading Up 2.4 %

NYSE:OPY opened at $59.57 on Wednesday. Oppenheimer has a 52 week low of $39.75 and a 52 week high of $73.12. The firm has a 50-day moving average price of $59.05 and a two-hundred day moving average price of $61.26. The firm has a market cap of $626.97 million, a price-to-earnings ratio of 9.35 and a beta of 1.10. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.80 and a current ratio of 1.29.

Oppenheimer (NYSE:OPY) last announced its quarterly earnings data on Friday, April 25th. The financial services provider reported $2.72 earnings per share for the quarter. The company had revenue of $367.83 million during the quarter. Oppenheimer had a return on equity of 8.76% and a net margin of 5.00%.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Oppenheimer from a “strong-buy” rating to a “buy” rating in a report on Monday, February 3rd.

Oppenheimer Company Profile

Oppenheimer Holdings Inc operates as a middle-market investment bank and full-service broker-dealer in the Americas, Europe, the Middle East, and Asia. The company provides brokerage services covering corporate equity and debt securities, money market instruments, exchange-traded options and futures contracts, municipal bonds, mutual funds, exchange-traded funds, and unit investment trusts; financial and wealth planning services; and margin lending services.