JMP Group LLC (NYSE:JMP) announced a quarterly dividend on Thursday, August 1st, NASDAQ reports. Investors of record on Friday, August 16th will be given a dividend of 0.04 per share by the financial services provider on Friday, August 30th. This represents a $0.16 annualized dividend and a yield of 4.39%. The ex-dividend date of this dividend is Thursday, August 15th.

JMP Group has decreased its dividend payment by an average of 4.7% annually over the last three years. JMP Group has a dividend payout ratio of 47.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect JMP Group to earn $0.33 per share next year, which means the company should continue to be able to cover its $0.16 annual dividend with an expected future payout ratio of 48.5%.

NYSE JMP traded up $0.04 during trading hours on Tuesday, hitting $3.65. The company’s stock had a trading volume of 20,750 shares, compared to its average volume of 32,653. The company has a market capitalization of $76.81 million, a P/E ratio of 13.02, a P/E/G ratio of 1.65 and a beta of 0.80. The company has a debt-to-equity ratio of 1.28, a quick ratio of 4.77 and a current ratio of 4.78. The stock has a 50 day moving average price of $3.79. JMP Group has a 12 month low of $3.55 and a 12 month high of $5.56.

JMP Group (NYSE:JMP) last announced its earnings results on Wednesday, July 24th. The financial services provider reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.16). The firm had revenue of $28.07 million during the quarter, compared to analysts’ expectations of $39.88 million. JMP Group had a return on equity of 5.53% and a net margin of 3.36%. On average, equities analysts predict that JMP Group will post 0.22 EPS for the current year.

Several research analysts have issued reports on the company. Barrington Research reissued a “buy” rating and issued a $6.00 target price on shares of JMP Group in a research report on Wednesday, July 24th. Zacks Investment Research cut JMP Group from a “buy” rating to a “hold” rating in a research report on Friday, July 26th. Finally, ValuEngine cut JMP Group from a “sell” rating to a “strong sell” rating in a research report on Friday, May 3rd.

About JMP Group

JMP Group LLC, together with its subsidiaries, provides investment banking, sales and trading, equity research, and asset management products and services in the United States. The company operates through three segments: Broker-Dealer, Asset Management, and Corporate. The Broker-Dealer segment offers various services, such as underwriting and acting as a placement agent for public and private capital markets raising transactions; and financial advisory services in mergers and acquisitions, restructuring, and other strategic transactions.

Read More: What does a hold rating mean?

Dividend History for JMP Group (NYSE:JMP)

Receive News & Ratings for JMP Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JMP Group and related companies with MarketBeat.com's FREE daily email newsletter.