Oppenheimer Holdings, Inc. Declares Quarterly Dividend of $0.20 (NYSE:OPY)

Oppenheimer Holdings, Inc. (NYSE:OPY) announced a quarterly dividend on Friday, July 31st. Investors of record on Friday, August 14th will be paid a dividend of 0.20 per share by the financial services provider on Friday, August 28th. This represents a c) annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Friday, August 14th.

Oppenheimer has raised its dividend by an average of 0.0%per year over the last three years and has increased its dividend annually for the last 1 consecutive years.

Oppenheimer Price Performance

NYSE:OPY traded down $4.18 during mid-day trading on Friday, reaching $106.52. The stock had a trading volume of 211,642 shares, compared to its average volume of 79,961. The stock has a market cap of $1.14 billion, a P/E ratio of 12.70 and a beta of 1.07. The business’s 50 day moving average is $105.92 and its 200 day moving average is $96.48. Oppenheimer has a fifty-two week low of $63.81 and a fifty-two week high of $123.24.

Oppenheimer (NYSE:OPY) last posted its earnings results on Friday, July 31st. The financial services provider reported $3.98 earnings per share (EPS) for the quarter. The firm had revenue of $454.88 million during the quarter. Oppenheimer had a net margin of 5.66% and a return on equity of 17.49%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on OPY. Wall Street Zen downgraded shares of Oppenheimer from a “strong-buy” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings upgraded shares of Oppenheimer from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy”.

About Oppenheimer

Oppenheimer & Co Inc is a full-service investment bank and wealth management firm headquartered in New York City. Founded in the mid-20th century, the company provides a broad array of financial services to individual, institutional and corporate clients. Its core competencies include equity and fixed-income research, institutional sales and trading, underwriting and merger-and-acquisition advisory.

In the wealth management segment, Oppenheimer offers tailored investment solutions, comprehensive financial planning and retirement strategies.