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

Key Points

• Perella Weinberg Partners declared a quarterly dividend of $0.07 per share, payable December 8 to shareholders of record on November 24. The annualized dividend is $0.28, representing a 2.0% yield, with a 17.8% payout ratio.
• The company reported quarterly EPS of $0.39, exceeding the $0.17 consensus estimate, while revenue of $251.37 million also surpassed expectations of $172.82 million.
• PWP shares traded at $14.00, substantially below their 12-month high of $25.92. The company has a $1.32 billion market capitalization and a P/E ratio of 53.85.

Perella Weinberg Partners (NASDAQ:PWP - Get Free Report) 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 - Get Free Report) 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.