OTC Markets Group Inc. Announces Dividend of $1.50 (OTCMKTS:OTCM)

OTC Markets Group Inc. (OTCMKTS:OTCM) announced a dividend on Monday, November 18th,investing.com reports. Investors of record on Friday, November 22nd will be paid a dividend of 1.50 per share by the financial services provider on Thursday, December 5th. This represents a yield of 11.18%. The ex-dividend date is Thursday, November 21st.

OTC Markets Group Trading Up 2.9 %

Shares of OTC Markets Group stock traded up $1.49 during trading on Tuesday, reaching $53.65. The company’s stock had a trading volume of 16,851 shares, compared to its average volume of 4,612. OTC Markets Group has a one year low of $45.00 and a one year high of $62.00. The stock has a 50-day moving average price of $49.16 and a two-hundred day moving average price of $49.38. The stock has a market capitalization of $642.73 million, a P/E ratio of 23.29, a price-to-earnings-growth ratio of 2.41 and a beta of 0.53.

OTC Markets Group (OTCMKTS:OTCM) last posted its earnings results on Wednesday, November 6th. The financial services provider reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.01. OTC Markets Group had a return on equity of 75.89% and a net margin of 24.63%. The firm had revenue of $27.39 million for the quarter, compared to analyst estimates of $27.07 million. As a group, sell-side analysts anticipate that OTC Markets Group will post 2.4 EPS for the current fiscal year.

OTC Markets Group Company Profile

OTC Markets Group Inc operates regulated markets for trading 12,000 U.S. and international securities. Its data-driven disclosure standards form the foundation of its three public markets: OTCQX Best Market, OTCQB Venture Market, and Pink Open Market. The company's OTC Link Alternative Trading Systems (ATSs) provide critical market infrastructure that broker-dealers rely on to facilitate trading.