OTC Markets Group Inc. (OTCMKTS:OTCM) Declares Dividend Increase – $1.50 Per Share

OTC Markets Group Inc. (OTCMKTS:OTCM) announced a dividend on Sunday, November 19th, investing.com reports. Shareholders of record on Tuesday, November 21st will be paid a dividend of 1.50 per share by the financial services provider on Thursday, December 7th. This represents a yield of 10%. The ex-dividend date is Monday, November 20th. This is an increase from OTC Markets Group’s previous dividend of $0.18.

OTC Markets Group Price Performance

OTCM stock remained flat at $60.00 during trading on Friday. 13,334 shares of the company’s stock were exchanged, compared to its average volume of 6,214. OTC Markets Group has a twelve month low of $49.50 and a twelve month high of $64.99. The stock has a 50 day moving average price of $53.76 and a 200 day moving average price of $56.08. The stock has a market cap of $715.80 million, a P/E ratio of 25.00, a price-to-earnings-growth ratio of 2.80 and a beta of 0.65.

OTC Markets Group (OTCMKTS:OTCM) last released its earnings results on Wednesday, November 8th. The financial services provider reported $0.61 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.61. OTC Markets Group had a net margin of 26.73% and a return on equity of 88.74%. The firm had revenue of $27.04 million during the quarter, compared to the consensus estimate of $27.89 million. Equities research analysts anticipate that OTC Markets Group will post 2.38 EPS for the current year.

OTC Markets Group Company Profile

OTC Markets Group Inc engages in the financial market business in the United States and internationally. It offers OTC Link Alternative Trading System, a dealer system to view and publish quotes; OTC Dealer, a real-time, front-end application that provides consolidated quotation, trading, and information system to attract and access market liquidity; OTC FIX, which uses the industry standard FIX protocol for quote submission, trading, and routing of execution reports; and OTC Link Electronic Communication Networks (ECN), a dealer network model with auto-execution functionality; OTC Link National Quotation Bureau (NQB), a matching engine model that allows for the distribution of market data.