OTC Markets Group Inc. (OTCMKTS:OTCM) to Issue $1.50 Quarterly Dividend

OTC Markets Group Inc. (OTCMKTS:OTCM - Get Free Report) declared a quarterly dividend on Monday, November 4th,investing.com reports. Investors of record on Thursday, December 5th will be given a dividend of 1.50 per share by the financial services provider on Thursday, December 19th. This represents a $6.00 annualized dividend and a yield of 11.50%. The ex-dividend date of this dividend is Thursday, December 5th.

OTC Markets Group Trading Up 0.8 %

Shares of OTCM traded up $0.42 during trading hours on Friday, reaching $52.16. 2,947 shares of the company's stock traded hands, compared to its average volume of 5,377. OTC Markets Group has a 12 month low of $45.00 and a 12 month high of $62.00. The stock has a market cap of $624.67 million, a PE ratio of 23.29, a price-to-earnings-growth ratio of 2.32 and a beta of 0.53. The firm's 50 day simple moving average is $49.16 and its 200-day simple moving average is $49.42.

OTC Markets Group (OTCMKTS:OTCM - Get Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $0.61 EPS for the quarter, topping analysts' consensus estimates of $0.60 by $0.01. OTC Markets Group had a net margin of 24.63% and a return on equity of 75.89%. The firm had revenue of $27.39 million for the quarter, compared to analyst estimates of $27.07 million. As a group, analysts expect that OTC Markets Group will post 2.4 earnings per share for the current fiscal year.

About OTC Markets Group

OTC Markets Group Inc operates regulated markets for trading 12,000 U.S. and international securities. Its data-driven disclosure standards form the foundation of its three public markets: OTCQX Best Market, OTCQB Venture Market, and Pink Open Market. The company's OTC Link Alternative Trading Systems (ATSs) provide critical market infrastructure that broker-dealers rely on to facilitate trading.