OTC Markets Group Inc. (OTCMKTS:OTCM) Raises Dividend to $1.50 Per Share

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

OTC Markets Group Price Performance

OTCM remained flat at $60.00 during midday trading on Friday. The company’s stock had a trading volume of 13,334 shares, compared to its average volume of 6,214. OTC Markets Group has a fifty-two week low of $49.50 and a fifty-two week high of $64.99. The firm has a 50 day moving average price of $53.76 and a two-hundred day moving average price of $56.08. The company has a market cap of $715.80 million, a PE 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 announced its earnings results on Wednesday, November 8th. The financial services provider reported $0.61 EPS for the quarter, meeting analysts’ consensus estimates of $0.61. The company had revenue of $27.04 million during the quarter, compared to the consensus estimate of $27.89 million. OTC Markets Group had a return on equity of 88.74% and a net margin of 26.73%. As a group, equities analysts predict that OTC Markets Group will post 2.38 earnings per share for the current fiscal 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.