JMP Group Inc. (NYSE:JMP) announced a monthly dividend on Thursday, April 20th. Stockholders of record on Friday, June 30th will be given a dividend of 0.03 per share by the financial services provider on Friday, July 14th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 6.01%. The ex-dividend date is Wednesday, June 28th.

JMP Group has increased its dividend by an average of 40.2% per year over the last three years and has increased its dividend every year for the last 7 years. JMP Group has a payout ratio of 80.0% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Research analysts expect JMP Group to earn $0.49 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 73.5%.

JMP Group (NYSE:JMP) traded up 1.02% during mid-day trading on Thursday, hitting $5.96. 31,268 shares of the stock were exchanged. The firm has a market cap of $128.84 million, a P/E ratio of 45.85 and a beta of 1.03. JMP Group has a 12-month low of $4.97 and a 12-month high of $7.00. The company has a 50 day moving average of $6.11 and a 200 day moving average of $6.08.

JMP Group (NYSE:JMP) last announced its quarterly earnings results on Wednesday, February 15th. The financial services provider reported $0.13 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.03. The company had revenue of $36 million for the quarter, compared to analyst estimates of $31.28 million. JMP Group had a net margin of 0.75% and a return on equity of 2.39%. On average, equities analysts anticipate that JMP Group will post $0.45 earnings per share for the current fiscal year.

Dividend History for JMP Group (NYSE:JMP)

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Separately, Zacks Investment Research downgraded JMP Group from a “buy” rating to a “hold” rating in a report on Tuesday, December 27th.

JMP Group Company Profile

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.

5 Day Chart for NYSE:JMP

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