Och-Ziff Capital Management Group LLC to Issue Quarterly Dividend of $0.02 (OZM)
Och-Ziff Capital Management Group LLC (NYSE:OZM) declared a quarterly dividend on Thursday, November 2nd, NASDAQ reports. Investors of record on Monday, November 13th will be paid a dividend of 0.02 per share by the asset manager on Monday, November 20th. This represents a $0.08 annualized dividend and a dividend yield of 2.29%. The ex-dividend date is Friday, November 10th.
Och-Ziff Capital Management Group has a payout ratio of 33.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Och-Ziff Capital Management Group to earn $0.29 per share next year, which means the company should continue to be able to cover its $0.08 annual dividend with an expected future payout ratio of 27.6%.
Och-Ziff Capital Management Group (NYSE:OZM) last announced its earnings results on Thursday, November 2nd. The asset manager reported $0.07 EPS for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.04. The business had revenue of $125.26 million during the quarter, compared to the consensus estimate of $101.92 million. Och-Ziff Capital Management Group had a net margin of 3.35% and a negative return on equity of 51.36%. The firm’s revenue was down 9.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.05 earnings per share.
Several equities analysts have recently issued reports on the stock. BidaskClub downgraded shares of Och-Ziff Capital Management Group from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Zacks Investment Research lowered Och-Ziff Capital Management Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 5th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $2.50 target price on shares of Och-Ziff Capital Management Group in a research note on Thursday, July 6th. Finally, Jefferies Group LLC upped their target price on Och-Ziff Capital Management Group from $3.00 to $3.50 and gave the stock a “hold” rating in a research note on Wednesday, October 4th. One investment analyst has rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. Och-Ziff Capital Management Group has a consensus rating of “Hold” and a consensus target price of $3.20.
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About Och-Ziff Capital Management Group
Och-Ziff Capital Management Group LLC (Och-Ziff) is an institutional alternative asset manager. The Company provides asset management services through its funds, which pursue a range of global investment opportunities. The Company operates through two segments: the Och-Ziff Funds and real estate business.
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