Piper Sandler Companies (PIPR) To Go Ex-Dividend on May 29th

Piper Sandler Companies (NYSE:PIPR) announced a quarterly dividend on Friday, May 1st. Investors of record on Friday, May 29th will be paid a dividend of 0.20 per share on Friday, June 12th. This represents a c) annualized dividend and a 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 increased its dividend payment by an average of 0.2%annually over the last three years and has raised its dividend every year for the last 1 years. Piper Sandler Companies has a payout ratio of 4.4% indicating that its dividend is sufficiently covered by earnings. Equities 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 Trading Up 0.2%

Shares of PIPR opened at $80.83 on Wednesday. The business’s 50 day moving average is $80.93 and its 200 day moving average is $82.96. The company has a market capitalization of $5.74 billion, a PE ratio of 20.41, a price-to-earnings-growth ratio of 1.62 and a beta of 1.47. Piper Sandler Companies has a 12-month low of $61.96 and a 12-month high of $95.07.

Piper Sandler Companies (NYSE:PIPR) last issued its earnings results on Thursday, May 7th. The company reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.15. The company had revenue of $469.54 million for the quarter, compared to the consensus estimate of $436.30 million. Piper Sandler Companies had a return on equity of 21.09% and a net margin of 13.94%.The firm’s quarterly revenue was up 32.7% on a year-over-year basis. During the same quarter last year, the company earned $4.09 EPS. Equities research analysts predict that Piper Sandler Companies will post 4.57 earnings per share for the current 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.