Oppenheimer Holdings Inc. Announces Quarterly Dividend of $0.15 (NYSE:OPY)

Oppenheimer Holdings Inc. (NYSE:OPY) announced a quarterly dividend on Wednesday, April 24th, NASDAQ reports. Stockholders of record on Friday, May 10th will be paid a dividend of 0.15 per share by the financial services provider on Friday, May 24th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date is Thursday, May 9th.

Oppenheimer has raised its dividend payment by an average of 7.7% per year over the last three years.

Oppenheimer Stock Performance

Shares of Oppenheimer stock traded up $1.84 on Friday, reaching $40.80. 33,889 shares of the company were exchanged, compared to its average volume of 32,612. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.87 and a current ratio of 1.32. The company’s 50-day moving average is $38.66 and its two-hundred day moving average is $38.70. The firm has a market cap of $426.77 million, a price-to-earnings ratio of 15.99 and a beta of 1.15. Oppenheimer has a 1-year low of $32.82 and a 1-year high of $42.41.

Oppenheimer (NYSE:OPY) last announced its quarterly earnings results on Friday, January 26th. The financial services provider reported $1.42 earnings per share for the quarter. The business had revenue of $308.29 million for the quarter. Oppenheimer had a return on equity of 4.46% and a net margin of 2.42%.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Oppenheimer from a “strong-buy” rating to a “buy” rating in a research report on Monday, January 29th.

Oppenheimer Company Profile

Oppenheimer Holdings Inc operates as a middle-market investment bank and full-service broker-dealer in the Americas, Europe, the Middle East, and Asia. The company provides brokerage services covering corporate equity and debt securities, money market instruments, exchange-traded options and futures contracts, municipal bonds, mutual funds, exchange-traded funds, and unit investment trusts; financial and wealth planning services; and margin lending services.