Oppenheimer Holdings, Inc. (NYSE:OPY) Declares $0.18 Quarterly Dividend

Oppenheimer Holdings, Inc. (NYSE:OPY) declared a quarterly dividend on Friday, January 30th. Stockholders of record on Friday, February 13th will be paid a dividend of 0.18 per share by the financial services provider on Friday, February 27th. This represents a c) dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Friday, February 13th.

Oppenheimer has raised its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 1 years.

Oppenheimer Price Performance

OPY traded down $2.20 during trading on Wednesday, hitting $88.30. The stock had a trading volume of 10,701 shares, compared to its average volume of 48,916. The company has a 50 day moving average price of $76.84 and a 200-day moving average price of $73.14. Oppenheimer has a one year low of $49.26 and a one year high of $94.10. The firm has a market cap of $928.92 million, a price-to-earnings ratio of 6.77 and a beta of 1.20.

Oppenheimer (NYSE:OPY) last posted its earnings results on Friday, January 30th. The financial services provider reported $6.51 earnings per share for the quarter. Oppenheimer had a return on equity of 16.55% and a net margin of 9.06%.The company had revenue of $472.63 million during the quarter.

About Oppenheimer

Oppenheimer & Co Inc is a full-service investment bank and wealth management firm headquartered in New York City. Founded in the mid-20th century, the company provides a broad array of financial services to individual, institutional and corporate clients. Its core competencies include equity and fixed-income research, institutional sales and trading, underwriting and merger-and-acquisition advisory.

In the wealth management segment, Oppenheimer offers tailored investment solutions, comprehensive financial planning and retirement strategies.