Mr. Cooper Group Inc Announces Special Dividend of $0.01 (NASDAQ:COOP)

Key Points

• Mr. Cooper Group Inc announced a special dividend of $0.01 per share, which will be paid to shareholders of record on September 29th, and the ex-dividend date is also September 29th.
• The company's stock opened at $212.26, with a market capitalization of $13.58 billion and a one-year high of $234.73.
• In its last earnings report, Mr. Cooper Group reported earnings per share of $3.13, which was below analysts' expectations of $3.28, despite an 8.6% year-over-year revenue increase to $608 million.

Mr. Cooper Group Inc (NASDAQ:COOP - Get Free Report) announced a special dividend on Friday, September 19th, RTT News reports. Stockholders of record on Monday, September 29th will be given a dividend of 0.01 per share on Tuesday, October 7th. The ex-dividend date is Monday, September 29th.

Mr. Cooper Group Trading Up 2.3%

Shares of NASDAQ COOP opened at $212.26 on Friday. Mr. Cooper Group has a one year low of $84.68 and a one year high of $234.73. The business has a 50-day moving average price of $192.25 and a two-hundred day moving average price of $149.88. The firm has a market capitalization of $13.58 billion, a PE ratio of 24.29 and a beta of 0.98.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The company reported $3.13 earnings per share for the quarter, missing analysts' consensus estimates of $3.28 by ($0.15). Mr. Cooper Group had a net margin of 25.38% and a return on equity of 15.66%. The business had revenue of $608.00 million during the quarter, compared to analyst estimates of $669.23 million. During the same quarter in the prior year, the company earned $3.10 EPS. Mr. Cooper Group's revenue for the quarter was up 8.6% on a year-over-year basis. Research analysts anticipate that Mr. Cooper Group will post 13.17 EPS for the current year.

Mr. Cooper Group Company Profile

Mr. Cooper Group Inc, together with its subsidiaries, operates as a non-bank servicer of residential mortgage loans in the United States. The company operates through Servicing and Originations segments. The Servicing segment performs activities on behalf of investors or owners of the underlying mortgages and mortgage servicing rights, including collecting and disbursing borrower payments, investor reporting, customer service, modifying loans, performing collections, foreclosures, and the sale of real estate owned.

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