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 annualized dividend and a dividend yield of 1.47%. The ex-dividend date of this dividend is Thursday, May 9th.

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

Oppenheimer Stock Up 4.7 %

Shares of NYSE OPY traded up $1.84 during mid-day trading on Friday, hitting $40.80. The company had a trading volume of 33,889 shares, compared to its average volume of 32,612. The company has a market capitalization of $426.77 million, a PE ratio of 15.94 and a beta of 1.15. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.32 and a quick ratio of 0.87. Oppenheimer has a 1-year low of $32.82 and a 1-year high of $42.41. The business’s 50-day simple moving average is $38.69 and its 200 day simple moving average is $38.73.

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

Wall Street Analysts Forecast Growth

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

About Oppenheimer

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.