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

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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 4.35%. The ex-dividend date 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 payout ratio of 47.1% meaning 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%.

NYSE JMP opened at $3.68 on Wednesday. The firm has a market cap of $76.81 million, a P/E ratio of 13.14, a PEG ratio of 1.65 and a beta of 0.80. The company has a current ratio of 4.78, a quick ratio of 4.77 and a debt-to-equity ratio of 1.28. JMP Group has a 12 month low of $3.55 and a 12 month high of $5.56. The firm has a 50 day moving average of $3.79.

JMP Group (NYSE:JMP) last posted its quarterly earnings results on Wednesday, July 24th. The financial services provider reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.16). JMP Group had a net margin of 3.36% and a return on equity of 5.53%. The business had revenue of $28.07 million during the quarter, compared to the consensus estimate of $39.88 million. As a group, equities analysts predict that JMP Group will post 0.22 EPS for the current fiscal year.

JMP has been the topic of several recent research reports. ValuEngine cut JMP Group from a “sell” rating to a “strong sell” rating in a research report on Friday, May 3rd. Barrington Research restated a “buy” rating and issued a $6.00 price target on shares of JMP Group in a research report on Wednesday, July 24th. Finally, Zacks Investment Research lowered JMP Group from a “buy” rating to a “hold” rating in a research note on Friday, July 26th.

About JMP Group

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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