OTC Markets Group Inc (OTCM) Plans Dividend Increase – $0.15 Per Share

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OTC Markets Group Inc (OTCMKTS:OTCM) declared a quarterly dividend on Tuesday, August 14th, Zacks reports. Investors of record on Wednesday, September 12th will be paid a dividend of 0.15 per share by the financial services provider on Wednesday, September 26th. This represents a $0.60 annualized dividend and a yield of 2.09%. The ex-dividend date is Tuesday, September 11th. This is a positive change from OTC Markets Group’s previous quarterly dividend of $0.14.

OTCM remained flat at $$28.75 during trading hours on Thursday. The company had a trading volume of 147 shares, compared to its average volume of 2,485. OTC Markets Group has a 52-week low of $23.12 and a 52-week high of $32.25. The company has a market capitalization of $333.46 million, a PE ratio of 15.80 and a beta of 0.09.

OTC Markets Group (OTCMKTS:OTCM) last issued its quarterly earnings data on Tuesday, August 14th. The financial services provider reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.16. The business had revenue of $14.06 million for the quarter. OTC Markets Group had a net margin of 26.16% and a return on equity of 134.80%. equities analysts forecast that OTC Markets Group will post 1.31 EPS for the current fiscal year.

A number of equities analysts recently weighed in on the company. ValuEngine raised OTC Markets Group from a “hold” rating to a “buy” rating in a research note on Thursday, July 12th. Zacks Investment Research cut OTC Markets Group from a “hold” rating to a “sell” rating in a research note on Tuesday, August 28th.

About OTC Markets Group

OTC Markets Group Inc engages in the financial market business in the United States. It offers OTC Link Alternative Trading System, which connects a network of brokers-dealers providing liquidity and execution services for various securities. The company also provides investors, traders, institutions, and regulators with a suite of enterprise and user level market data licenses through direct or extranet connectivity, third party market data redistributors, or order management systems.

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Dividend History for OTC Markets Group (OTCMKTS:OTCM)

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