Oppenheimer Holdings Inc. (NYSE:OPY) to Issue $0.18 Quarterly Dividend

Oppenheimer Holdings Inc. (NYSE:OPY - Get Free Report) declared a quarterly dividend on Friday, January 31st,NASDAQ Dividends reports. Stockholders of record on Friday, February 14th will be given a dividend of 0.18 per share by the financial services provider on Friday, February 28th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date is Friday, February 14th.

Oppenheimer has raised its dividend payment by an average of 6.9% per year over the last three years.

Oppenheimer Stock Performance

Shares of NYSE OPY traded down $0.01 during trading hours on Wednesday, hitting $66.80. 9,042 shares of the stock were exchanged, compared to its average volume of 22,677. Oppenheimer has a one year low of $36.93 and a one year high of $73.12. The firm has a market capitalization of $690.04 million, a P/E ratio of 10.49 and a beta of 1.14. The company's 50 day moving average is $65.50 and its 200 day moving average is $57.24. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.29 and a quick ratio of 0.80.

Oppenheimer (NYSE:OPY - Get Free Report) last posted its earnings results on Friday, January 31st. The financial services provider reported $0.92 earnings per share for the quarter. Oppenheimer had a net margin of 5.00% and a return on equity of 8.76%.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Oppenheimer from a "strong-buy" rating to a "buy" rating in a report on Monday.

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.