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

OTC Markets Group Inc. (OTCMKTS:OTCMGet Free Report) 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 of this dividend is Monday, November 20th. This is a positive change from OTC Markets Group’s previous dividend of $0.18.

OTC Markets Group Price Performance

Shares of OTCMKTS:OTCM remained flat at $60.00 during trading hours on Friday. 13,334 shares of the company’s stock traded hands, compared to its average volume of 6,214. OTC Markets Group has a 12 month low of $49.50 and a 12 month high of $64.99. The firm has a market capitalization of $715.80 million, a price-to-earnings ratio of 25.00, a price-to-earnings-growth ratio of 2.80 and a beta of 0.65. The firm has a fifty day moving average price of $53.76 and a two-hundred day moving average price of $56.08.

OTC Markets Group (OTCMKTS:OTCMGet Free Report) last announced its earnings results on Wednesday, November 8th. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.61. The firm had revenue of $27.04 million during the quarter, compared to analyst estimates of $27.89 million. OTC Markets Group had a net margin of 26.73% and a return on equity of 88.74%. On average, sell-side analysts anticipate that OTC Markets Group will post 2.38 EPS for the current fiscal year.

OTC Markets Group Company Profile

(Get Free Report)

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.

Further Reading

Dividend History for OTC Markets Group (OTCMKTS:OTCM)

Receive News & Ratings for OTC Markets Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for OTC Markets Group and related companies with MarketBeat.com's FREE daily email newsletter.