Oppenheimer Holdings Inc. (NYSE:OPY) Announces $0.15 Quarterly Dividend

Oppenheimer Holdings Inc. (NYSE:OPY) announced a quarterly dividend on Wednesday, April 24th, NASDAQ reports. Shareholders 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 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date is Thursday, May 9th.

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

Oppenheimer Stock Performance

Shares of OPY opened at $41.75 on Tuesday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.77 and a current ratio of 1.26. The stock has a 50 day moving average price of $38.87 and a two-hundred day moving average price of $38.95. The firm has a market capitalization of $431.28 million, a P/E ratio of 11.25 and a beta of 1.14. Oppenheimer has a 52 week low of $32.82 and a 52 week high of $42.41.

Oppenheimer (NYSE:OPY) last issued its quarterly earnings data on Friday, April 26th. The financial services provider reported $2.37 EPS for the quarter. Oppenheimer had a return on equity of 5.90% and a net margin of 3.25%. The firm had revenue of $353.14 million during the quarter.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Oppenheimer from a “buy” rating to a “strong-buy” rating in a research note on Monday, April 29th.

Oppenheimer Company Profile

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.