Piper Sandler Companies (PIPR) to Issue Quarterly Dividend of $0.20 on June 12th

Piper Sandler Companies (NYSE:PIPR) announced a quarterly dividend on Friday, May 1st. Shareholders of record on Friday, May 29th will be paid a dividend of 0.20 per share on Friday, June 12th. This represents a c) dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Friday, May 29th. This is a 14.3% increase from Piper Sandler Companies’s previous quarterly dividend of $0.18.

Piper Sandler Companies has raised its dividend payment by an average of 0.2%annually over the last three years and has raised its dividend annually for the last 1 consecutive years. Piper Sandler Companies has a payout ratio of 4.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Piper Sandler Companies to earn $5.38 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 14.9%.

Piper Sandler Companies Price Performance

Shares of PIPR opened at $80.83 on Wednesday. Piper Sandler Companies has a 1-year low of $61.96 and a 1-year high of $95.07. The stock has a market cap of $5.74 billion, a PE ratio of 20.41, a P/E/G ratio of 1.62 and a beta of 1.47. The firm has a 50-day simple moving average of $80.93 and a two-hundred day simple moving average of $82.96.

Piper Sandler Companies (NYSE:PIPR) last announced its quarterly earnings data on Thursday, May 7th. The company reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.15. The firm had revenue of $469.54 million during the quarter, compared to analysts’ expectations of $436.30 million. Piper Sandler Companies had a net margin of 13.94% and a return on equity of 21.09%. The business’s quarterly revenue was up 32.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.09 earnings per share. As a group, sell-side analysts expect that Piper Sandler Companies will post 4.57 earnings per share for the current fiscal year.

About Piper Sandler Companies

Piper Sandler Companies (NYSE: PIPR) is an investment bank and institutional securities firm that provides a range of capital markets and advisory services to corporations, institutions, municipalities and high-net-worth individuals. The firm’s core activities include investment banking and M&A advisory, underwriting and distribution of equity and debt securities, public finance, and sector-focused advisory across industries such as healthcare, energy, financial services and technology.

In addition to traditional investment banking, Piper Sandler offers equity and fixed income research, institutional sales and trading, and market-making services.