JMP Group LLC (NYSE:JMP) declared a monthly dividend on Friday, April 20th, Wall Street Journal reports. Stockholders of record on Friday, June 29th will be given a dividend of 0.03 per share by the financial services provider on Friday, July 13th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 7.06%. The ex-dividend date of this dividend is Thursday, June 28th.
JMP Group has raised its dividend payment by an average of 17.0% annually over the last three years. JMP Group has a dividend payout ratio of 360.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect JMP Group to earn $0.41 per share next year, which means the company should continue to be able to cover its $0.36 annual dividend with an expected future payout ratio of 87.8%.
NYSE JMP opened at $5.10 on Friday. The company has a current ratio of 2.56, a quick ratio of 2.56 and a debt-to-equity ratio of 8.10. The stock has a market capitalization of $109.15, a PE ratio of 25.50, a P/E/G ratio of 1.59 and a beta of 0.70. JMP Group has a 12 month low of $4.92 and a 12 month high of $7.70.
JMP Group (NYSE:JMP) last released its quarterly earnings data on Wednesday, February 14th. The financial services provider reported $0.16 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.10. JMP Group had a negative net margin of 14.48% and a positive return on equity of 3.67%. The company had revenue of $30.32 million during the quarter, compared to analyst estimates of $31.70 million. equities research analysts anticipate that JMP Group will post 0.32 earnings per share for the current year.
A number of analysts recently weighed in on the stock. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $5.75 price objective on shares of JMP Group in a research note on Thursday, January 11th. Zacks Investment Research lowered shares of JMP Group from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 4th.
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JMP Group Company Profile
JMP Group LLC, formerly JMP Group, Inc, is a full-service investment banking and asset management firm. The Company operates in five segments: Broker-Dealer, Asset Management, Corporate Credit, Investment Income and Corporate Costs. The Broker-Dealer segment includes a range of 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.
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