Piper Sandler Companies (NYSE:PIPR) Declares Quarterly Dividend of $0.20

Piper Sandler Companies (NYSE:PIPR) announced a quarterly dividend on Friday, May 1st. Stockholders of record on Friday, May 29th will be given a dividend of 0.20 per share on Friday, June 12th. This represents a c) annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, May 29th. This is a 14.3% increase from Piper Sandler Companies’s previous quarterly dividend of $0.18.

Piper Sandler Companies has raised its dividend by an average of 0.2%annually over the last three years and has raised its dividend annually for the last 1 consecutive years. Piper Sandler Companies has a payout ratio of 4.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Piper Sandler Companies to earn $5.38 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 14.9%.

Piper Sandler Companies Stock Performance

PIPR opened at $80.83 on Wednesday. The firm’s 50-day simple moving average is $80.93 and its 200-day simple moving average is $82.96. Piper Sandler Companies has a twelve month low of $61.96 and a twelve month high of $95.07. The firm has a market cap of $5.74 billion, a price-to-earnings ratio of 20.41, a PEG ratio of 1.62 and a beta of 1.47.

Piper Sandler Companies (NYSE:PIPR) last posted its earnings results on Thursday, May 7th. The company reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.15. Piper Sandler Companies had a net margin of 13.94% and a return on equity of 21.09%. The business had revenue of $469.54 million for the quarter, compared to analyst estimates of $436.30 million. During the same quarter in the prior year, the firm earned $4.09 EPS. The firm’s quarterly revenue was up 32.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Piper Sandler Companies will post 4.57 EPS for the current fiscal year.

About Piper Sandler Companies

Piper Sandler Companies (NYSE: PIPR) is an investment bank and institutional securities firm that provides a range of capital markets and advisory services to corporations, institutions, municipalities and high-net-worth individuals. The firm’s core activities include investment banking and M&A advisory, underwriting and distribution of equity and debt securities, public finance, and sector-focused advisory across industries such as healthcare, energy, financial services and technology.

In addition to traditional investment banking, Piper Sandler offers equity and fixed income research, institutional sales and trading, and market-making services.