Piper Sandler Companies (PIPR) To Go Ex-Dividend on August 28th

Piper Sandler Companies (NYSE:PIPR) announced a quarterly dividend on Thursday, July 30th. Investors of record on Friday, August 28th will be given a dividend of 0.20 per share on Friday, September 11th. This represents a c) dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Friday, August 28th.

Piper Sandler Companies has raised its dividend payment by an average of 0.2%per year over the last three years and has increased its dividend every year for the last 1 years. Piper Sandler Companies has a dividend payout ratio of 4.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Piper Sandler Companies to earn $5.37 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 14.9%.

Piper Sandler Companies Price Performance

Shares of Piper Sandler Companies stock opened at $75.83 on Friday. Piper Sandler Companies has a 1 year low of $68.70 and a 1 year high of $95.07. The firm’s 50-day moving average is $76.70 and its two-hundred day moving average is $80.23. The stock has a market cap of $5.39 billion, a price-to-earnings ratio of 17.57, a PEG ratio of 1.56 and a beta of 1.42.

Piper Sandler Companies (NYSE:PIPR) last posted its quarterly earnings results on Thursday, July 30th. The company reported $1.04 EPS for the quarter, beating the consensus estimate of $0.88 by $0.16. Piper Sandler Companies had a net margin of 14.51% and a return on equity of 22.04%. The business had revenue of $491.14 million during the quarter, compared to analyst estimates of $445.28 million. During the same quarter in the previous year, the business posted $2.92 EPS. The company’s quarterly revenue was up 24.9% compared to the same quarter last year. On average, equities analysts expect that Piper Sandler Companies will post 4.56 earnings per share for the current year.

Piper Sandler Companies Company Profile

Piper Sandler Companies (NYSE: PIPR) is an investment bank and institutional securities firm that provides a range of capital markets and advisory services to corporations, institutions, municipalities and high-net-worth individuals. The firm’s core activities include investment banking and M&A advisory, underwriting and distribution of equity and debt securities, public finance, and sector-focused advisory across industries such as healthcare, energy, financial services and technology.

In addition to traditional investment banking, Piper Sandler offers equity and fixed income research, institutional sales and trading, and market-making services.