Oppenheimer Holdings Inc. to Issue Quarterly Dividend of $0.18 (NYSE:OPY)

Oppenheimer Holdings Inc. (NYSE:OPY) declared a quarterly dividend on Friday, October 25th, Zacks reports. Stockholders of record on Friday, November 8th will be paid a dividend of 0.18 per share by the financial services provider on Friday, November 22nd. This represents a $0.72 annualized dividend and a dividend yield of 1.33%. The ex-dividend date of this dividend is Friday, November 8th.

Oppenheimer has raised its dividend payment by an average of 7.7% per year over the last three years.

Oppenheimer Stock Performance

Shares of NYSE:OPY traded up $5.55 during trading on Friday, hitting $54.05. The stock had a trading volume of 83,986 shares, compared to its average volume of 37,007. Oppenheimer has a 12-month low of $32.82 and a 12-month high of $58.35. The stock has a market capitalization of $558.28 million, a price-to-earnings ratio of 14.57 and a beta of 1.15. The company has a quick ratio of 0.79, a current ratio of 1.28 and a debt-to-equity ratio of 0.14. The stock has a 50-day simple moving average of $50.27 and a two-hundred day simple moving average of $47.58.

Oppenheimer (NYSE:OPY) last announced its quarterly earnings data on Friday, October 25th. The financial services provider reported $2.16 earnings per share (EPS) for the quarter. Oppenheimer had a return on equity of 8.33% and a net margin of 4.70%. The firm had revenue of $373.35 million during the quarter.

Insider Buying and Selling

In related news, insider Dennis P. Mcnamara sold 6,000 shares of the firm’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $51.28, for a total transaction of $307,680.00. Following the sale, the insider now directly owns 20,681 shares of the company’s stock, valued at $1,060,521.68. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 32.49% of the stock is owned by corporate insiders.

Oppenheimer Company Profile

Oppenheimer Holdings Inc operates as a middle-market investment bank and full-service broker-dealer in the Americas, Europe, the Middle East, and Asia. The company provides brokerage services covering corporate equity and debt securities, money market instruments, exchange-traded options and futures contracts, municipal bonds, mutual funds, exchange-traded funds, and unit investment trusts; financial and wealth planning services; and margin lending services.