Institutional Financial Markets, Inc. (NYSEAMERICAN:COHN) Plans $0.25 Quarterly Dividend

Institutional Financial Markets, Inc. (NYSEAMERICAN:COHN) announced a quarterly dividend on Monday, August 3rd. Stockholders of record on Wednesday, August 19th will be paid a dividend of 0.25 per share by the financial services provider on Wednesday, September 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 6.9%. The ex-dividend date is Wednesday, August 19th.

Institutional Financial Markets Trading Up 9.2%

Shares of NYSEAMERICAN COHN opened at $14.47 on Tuesday. Institutional Financial Markets has a 12 month low of $9.19 and a 12 month high of $32.60. The company has a market cap of $36.32 million, a price-to-earnings ratio of 2.74 and a beta of 1.14. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.29. The business has a fifty day simple moving average of $12.65 and a 200-day simple moving average of $15.53.

Institutional Financial Markets (NYSEAMERICAN:COHN) last issued its quarterly earnings results on Monday, August 3rd. The financial services provider reported $1.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $1.20. The firm had revenue of $65.14 million for the quarter, compared to analysts’ expectations of $40.30 million. Institutional Financial Markets had a return on equity of 44.53% and a net margin of 5.12%. Sell-side analysts predict that Institutional Financial Markets will post 1.9 EPS for the current year.

About Institutional Financial Markets

Cohen & Co, Inc engages in fixed income markets. It operates through the following segments: Capital Markets, Asset Management, and Principal Investing. The Capital Markets segment consists of fixed income sales, trading, matched book repo financing, and new issue placements in corporate and securitized products and advisory services, operating primarily through its subsidiaries. The Asset Management segment manages assets through investment vehicles, such as collateralized debt obligations, managed accounts, and investment funds.