JMP Group LLC (NYSE:JMP) Announces $0.04 Quarterly Dividend

JMP Group LLC (NYSE:JMP) announced a quarterly dividend on Thursday, August 1st, NASDAQ reports. Stockholders of record on Friday, August 16th will be given a dividend of 0.04 per share by the financial services provider on Friday, August 30th. This represents a $0.16 annualized dividend and a dividend yield of 4.39%. The ex-dividend date of this dividend is Thursday, August 15th.

JMP Group has decreased its dividend by an average of 4.7% annually over the last three years. JMP Group has a dividend payout ratio of 47.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect JMP Group to earn $0.33 per share next year, which means the company should continue to be able to cover its $0.16 annual dividend with an expected future payout ratio of 48.5%.

Shares of NYSE JMP traded up $0.04 during mid-day trading on Tuesday, hitting $3.65. 20,750 shares of the stock were exchanged, compared to its average volume of 32,653. The firm has a market cap of $76.81 million, a P/E ratio of 13.02, a P/E/G ratio of 1.65 and a beta of 0.80. The firm’s fifty day moving average price is $3.79. The company has a debt-to-equity ratio of 1.28, a quick ratio of 4.77 and a current ratio of 4.78. JMP Group has a twelve month low of $3.55 and a twelve month high of $5.56.

JMP Group (NYSE:JMP) last posted its quarterly earnings data on Wednesday, July 24th. The financial services provider reported ($0.03) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by ($0.16). The firm had revenue of $28.07 million for the quarter, compared to analyst estimates of $39.88 million. JMP Group had a return on equity of 5.53% and a net margin of 3.36%. Analysts forecast that JMP Group will post 0.22 EPS for the current year.

Several research firms have recently weighed in on JMP. Barrington Research reaffirmed a “buy” rating and set a $6.00 price objective on shares of JMP Group in a report on Wednesday, July 24th. Zacks Investment Research cut shares of JMP Group from a “buy” rating to a “hold” rating in a research note on Friday, July 26th. Finally, ValuEngine cut shares of JMP Group from a “sell” rating to a “strong sell” rating in a research note on Friday, May 3rd.

JMP Group Company Profile

JMP Group LLC, together with its subsidiaries, provides investment banking, sales and trading, equity research, and asset management products and services in the United States. The company operates through three segments: Broker-Dealer, Asset Management, and Corporate. The Broker-Dealer segment offers various 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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Dividend History for JMP Group (NYSE:JMP)

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