JMP Group LLC (NYSE:JMP) declared a monthly dividend on Friday, April 20th, Wall Street Journal reports. Shareholders of record on Thursday, May 31st will be paid a dividend of 0.03 per share by the financial services provider on Friday, June 15th. This represents a $0.36 annualized dividend and a yield of 7.06%. The ex-dividend date is Wednesday, May 30th.
JMP Group has raised its dividend by an average of 17.0% annually over the last three years. JMP Group has a payout ratio of 360.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect JMP Group to earn $0.41 per share next year, which means the company should continue to be able to cover its $0.36 annual dividend with an expected future payout ratio of 87.8%.
JMP Group stock traded up $0.02 during midday trading on Friday, hitting $5.10. 7,083 shares of the company’s stock were exchanged, compared to its average volume of 30,285. JMP Group has a 12-month low of $4.92 and a 12-month high of $7.70. The company has a debt-to-equity ratio of 8.10, a quick ratio of 2.56 and a current ratio of 2.56. The company has a market capitalization of $108.93, a P/E ratio of 25.50, a PEG ratio of 1.58 and a beta of 0.70.
JMP has been the topic of several analyst reports. Zacks Investment Research downgraded shares of JMP Group from a “hold” rating to a “strong sell” rating in a report on Thursday, January 4th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $5.75 target price on shares of JMP Group in a report on Thursday, January 11th.
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About JMP Group
JMP Group LLC, formerly JMP Group, Inc, is a full-service investment banking and asset management firm. The Company operates in five segments: Broker-Dealer, Asset Management, Corporate Credit, Investment Income and Corporate Costs. The Broker-Dealer segment includes a range of services, such as underwriting and acting as a placement agent for public and private capital markets raising transactions and financial advisory services in mergers and acquisitions, restructuring and other strategic transactions.
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