Oppenheimer Holdings Inc. Declares Quarterly Dividend

Oppenheimer Holdings Inc. (NYSE:OPY) has officially announced a quarterly dividend, which was revealed on January 31st. According to the announcement, stockholders who are on record as of February 14th will receive a dividend payment of $0.18 per share. This payment will be distributed on February 28th. With this declaration, the annualized dividend stands at $0.72, translating to a dividend yield of 1.04%. The ex-dividend date for this payment is set for February 14th.

Over the past three years, Oppenheimer has demonstrated a commitment to increasing its dividend payments, with an average annual growth rate of 6.9%.

Recent Stock Performance

On the day the dividend news was announced, shares of Oppenheimer faced a decline of $3.62, bringing the stock price down to $68.90 during trading hours. A total of 30,452 shares changed hands, significantly exceeding the company's average trading volume of 20,667. Currently, Oppenheimer's 50-day moving average is $65.21, while the 200-day moving average stands at $56.98. Over the past year, the stock has fluctuated between a low of $36.93 and a high of $73.12. The company maintains a quick ratio of 0.80 and a current ratio of 1.29, with a debt-to-equity ratio of 0.13. Oppenheimer's market capitalization is approximately $711.74 million, and it has a price-to-earnings ratio of 10.72, along with a beta value of 1.14.

Company Overview

Oppenheimer Holdings Inc. operates as a middle-market investment bank and a full-service broker-dealer across the Americas, Europe, the Middle East, and Asia. The firm specializes in a wide range of services, including brokerage for corporate equity and debt securities, money market instruments, exchange-traded options, futures contracts, municipal bonds, mutual funds, and exchange-traded funds. Additionally, they offer financial and wealth planning services as well as margin lending services.

dividend, Oppenheimer, finance