Piper Sandler Companies to Issue Quarterly Dividend of $0.70 (NYSE:PIPR)

Piper Sandler Companies (NYSE:PIPR) declared a quarterly dividend on Friday, February 6th. Investors of record on Tuesday, March 3rd will be given a dividend of 0.70 per share on Friday, March 13th. This represents a c) dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Tuesday, March 3rd.

Piper Sandler Companies has raised its dividend payment by an average of 0.2%per year over the last three years and has increased its dividend every year for the last 1 years. Piper Sandler Companies has a payout ratio of 15.6% meaning its dividend is sufficiently covered by earnings.

Piper Sandler Companies Stock Up 10.5%

PIPR traded up $34.77 on Friday, hitting $366.40. 251,175 shares of the company traded hands, compared to its average volume of 132,878. Piper Sandler Companies has a 12-month low of $202.91 and a 12-month high of $380.26. The company has a 50 day moving average of $350.58 and a 200-day moving average of $338.68. The stock has a market capitalization of $6.48 billion, a PE ratio of 27.61, a PEG ratio of 1.11 and a beta of 1.53.

Piper Sandler Companies (NYSE:PIPR) last issued its quarterly earnings results on Friday, February 6th. The company reported $6.88 earnings per share for the quarter, topping the consensus estimate of $4.72 by $2.16. The firm had revenue of $635.00 million during the quarter, compared to the consensus estimate of $516.52 million. Piper Sandler Companies had a return on equity of 19.91% and a net margin of 13.73%.The company’s revenue for the quarter was up 27.4% on a year-over-year basis. During the same period last year, the company earned $4.80 earnings per share.

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.