PJT Partners Inc. to Issue Quarterly Dividend of $0.25 (NYSE:PJT)

PJT Partners Inc. (NYSE:PJT) declared a quarterly dividend on Tuesday, November 4th. Shareholders of record on Wednesday, December 3rd will be paid a dividend of 0.25 per share by the financial services provider on Wednesday, December 17th. This represents a c) annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Wednesday, December 3rd.

PJT Partners has increased its dividend payment by an average of 0.4%per year over the last three years. PJT Partners has a payout ratio of 14.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect PJT Partners to earn $7.25 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 13.8%.

PJT Partners Stock Performance

PJT Partners stock traded up $1.59 during mid-day trading on Tuesday, hitting $164.01. The company’s stock had a trading volume of 536,400 shares, compared to its average volume of 257,159. The stock has a market cap of $3.99 billion, a PE ratio of 28.18 and a beta of 0.79. The company has a 50 day moving average of $178.38 and a 200-day moving average of $167.57. PJT Partners has a one year low of $119.76 and a one year high of $190.27.

About PJT Partners

PJT Partners Inc, an investment bank, provides various strategic and capital markets advisory, restructuring and special situations, and shareholder advisory services to corporations, financial sponsors, institutional investors, and governments worldwide. It offers advisory services to clients on various transactions, including mergers and acquisitions (M&A), spin-offs, activism defense, contested M&A, joint ventures, minority investments, and divestitures.