Oppenheimer Holdings Inc. (NYSE:OPY - Get Free Report) announced a quarterly dividend on Friday, October 25th, Zacks reports. Stockholders of record on Friday, November 8th will be paid a dividend of 0.18 per share by the financial services provider on Friday, November 22nd. This represents a $0.72 annualized dividend and a dividend yield of 1.33%. The ex-dividend date of this dividend is Friday, November 8th.
Oppenheimer has increased its dividend by an average of 7.7% annually over the last three years.
Oppenheimer Stock Up 11.4 %
Shares of NYSE OPY traded up $5.55 during midday trading on Friday, hitting $54.05. 83,986 shares of the company's stock were exchanged, compared to its average volume of 21,341. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.28 and a quick ratio of 0.79. Oppenheimer has a twelve month low of $32.82 and a twelve month high of $58.35. The company has a market cap of $558.34 million, a PE ratio of 9.86 and a beta of 1.15. The firm's fifty day simple moving average is $50.27 and its 200-day simple moving average is $47.64.
Oppenheimer (NYSE:OPY - Get Free Report) last issued its earnings results on Friday, October 25th. The financial services provider reported $2.16 earnings per share for the quarter. Oppenheimer had a return on equity of 8.33% and a net margin of 4.70%. The business had revenue of $373.35 million for the quarter.
Insiders Place Their Bets
In other Oppenheimer news, insider Dennis P. Mcnamara sold 6,000 shares of Oppenheimer stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $51.28, for a total value of $307,680.00. Following the transaction, the insider now directly owns 20,681 shares in the company, valued at approximately $1,060,521.68. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 32.49% of the stock is currently owned by corporate insiders.
About Oppenheimer
(
Get Free Report)
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.
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