Perella Weinberg Partners (NASDAQ:PWP) Shares Set to Pay Quarterly Dividend of $0.07

Perella Weinberg Partners (NASDAQ:PWP) declared a quarterly dividend on Thursday, October 29th. Shareholders of record on Tuesday, November 24th will be paid a dividend of $0.07 per share on Tuesday, December 8th. This represents a $0.28 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Tuesday, November 24th.

Perella Weinberg Partners has a dividend payout ratio of 17.8% indicating that its dividend is sufficiently covered by earnings.

Perella Weinberg Partners Price Performance

Shares of Perella Weinberg Partners stock traded up $1.06 on Thursday, hitting $14.00. The company had a trading volume of 4,059,118 shares, compared to its average volume of 1,303,566. Perella Weinberg Partners has a twelve month low of $12.13 and a twelve month high of $25.92. The stock has a 50-day moving average of $14.85 and a 200-day moving average of $17.48. The firm has a market capitalization of $1.32 billion, a P/E ratio of 53.85 and a beta of 1.63.

Perella Weinberg Partners (NASDAQ:PWP) last posted its quarterly earnings data on Thursday, October 29th. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.17 by $0.22. The business had revenue of $251.37 million for the quarter, compared to analysts’ expectations of $172.82 million. Perella Weinberg Partners had a net margin of 3.19% and a negative return on equity of 35.84%.

Perella Weinberg Partners Company Profile

Perella Weinberg Partners (NASDAQ: PWP) is an independent investment banking and financial services firm that provides strategic and financial advice to corporations, financial institutions, governments, and other organizations. The firm focuses on complex, high-value transactions and situations that require specialized advice and senior-level expertise.

Its services include mergers and acquisitions, strategic transactions, financial restructurings, capital markets advisory, and private capital advisory.