Oppenheimer Holdings Inc. (NYSE:OPY) Plans Dividend Increase – $0.12 Per Share

Oppenheimer Holdings Inc. (NYSE:OPY) declared a quarterly dividend on Thursday, July 25th, NASDAQ reports. Investors of record on Friday, August 9th will be given a dividend of 0.12 per share by the financial services provider on Friday, August 23rd. This represents a $0.48 annualized dividend and a dividend yield of 1.79%. The ex-dividend date is Thursday, August 8th. This is an increase from Oppenheimer’s previous quarterly dividend of $0.11.

NYSE OPY opened at $26.81 on Tuesday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.69 and a current ratio of 1.29. The firm has a fifty day moving average price of $28.37. Oppenheimer has a 1 year low of $23.51 and a 1 year high of $34.15. The firm has a market cap of $355.57 million, a P/E ratio of 8.28 and a beta of 1.14.

Oppenheimer (NYSE:OPY) last released its earnings results on Friday, July 26th. The financial services provider reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.33. Oppenheimer had a return on equity of 8.35% and a net margin of 3.75%. The firm had revenue of $250.94 million for the quarter.

About Oppenheimer

Oppenheimer Holdings Inc, through its subsidiaries, provides middle-market investment bank and full service broker-dealer products and services. The company offers full-service brokerage services covering exchange-traded and over-the-counter corporate equity and debt securities, money market instruments, exchange-traded options and futures contracts, municipal bonds, mutual funds, and unit investment trusts; financial and wealth planning services; and margin lending services.

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Dividend History for Oppenheimer (NYSE:OPY)

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