Oppenheimer Holdings, Inc. (OPY) to Issue Quarterly Dividend of $0.20 on May 29th

Oppenheimer Holdings, Inc. (NYSE:OPY) announced a quarterly dividend on Thursday, April 30th. Shareholders of record on Friday, May 15th will be paid a dividend of 0.20 per share by the financial services provider on Friday, May 29th. This represents a c) annualized dividend and a yield of 0.8%. The ex-dividend date is Friday, May 15th. This is a 11.1% increase from Oppenheimer’s previous quarterly dividend of $0.18.

Oppenheimer has raised its dividend by an average of 0.0%per year over the last three years and has increased its dividend every year for the last 1 years.

Oppenheimer Price Performance

Shares of OPY stock opened at $94.90 on Wednesday. The company’s fifty day simple moving average is $96.06 and its two-hundred day simple moving average is $82.70. The stock has a market capitalization of $1.02 billion, a price-to-earnings ratio of 11.31 and a beta of 1.19. Oppenheimer has a 1 year low of $61.26 and a 1 year high of $118.77.

Oppenheimer (NYSE:OPY) last announced its earnings results on Friday, May 1st. The financial services provider reported $4.21 earnings per share for the quarter. The business had revenue of $445.10 million for the quarter. Oppenheimer had a net margin of 5.66% and a return on equity of 17.49%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on OPY shares. Wall Street Zen downgraded Oppenheimer from a “strong-buy” rating to a “hold” rating in a report on Saturday. Weiss Ratings cut shares of Oppenheimer from a “buy (b)” rating to a “hold (c+)” rating in a research note on Monday. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy”.

Oppenheimer Company Profile

Oppenheimer & Co Inc is a full-service investment bank and wealth management firm headquartered in New York City. Founded in the mid-20th century, the company provides a broad array of financial services to individual, institutional and corporate clients. Its core competencies include equity and fixed-income research, institutional sales and trading, underwriting and merger-and-acquisition advisory.

In the wealth management segment, Oppenheimer offers tailored investment solutions, comprehensive financial planning and retirement strategies.