OTC Markets Group Inc. Announces Dividend of $0.18 (OTCMKTS:OTCM)

Key Points

• OTC Markets Group Inc. has declared a dividend of $0.18 per share, with an impressive dividend yield of 143.0%, set to be paid on September 18th to investors of record on September 5th.
• The company's shares opened at $50.38, and it has a market capitalization of $605.42 million, with a price-to-earnings ratio of 21.81.
• In its latest earnings report, OTC Markets Group missed analysts' estimates with earnings per share of $0.60, below the expected $0.62, and revenue of $29.51 million, slightly under the consensus of $29.78 million.

OTC Markets Group Inc. (OTCMKTS:OTCM - Get Free Report) announced a dividend on Saturday, August 30th, investing.com reports. Shareholders of record on Friday, September 5th will be given a dividend of 0.18 per share by the financial services provider on Thursday, September 18th. This represents a yield of 143.0%. The ex-dividend date is Thursday, September 4th.

OTC Markets Group Stock Up 5.2%

OTCM traded up $2.62 during trading on Wednesday, reaching $53.00. 506 shares of the company's stock were exchanged, compared to its average volume of 5,207. OTC Markets Group has a fifty-two week low of $44.20 and a fifty-two week high of $60.50. The business has a 50 day moving average price of $55.76 and a 200 day moving average price of $51.23. The company has a market capitalization of $637.06 million, a P/E ratio of 22.94, a PEG ratio of 1.59 and a beta of 0.50.

OTC Markets Group (OTCMKTS:OTCM - Get Free Report) last issued its earnings results on Wednesday, August 6th. The financial services provider reported $0.60 EPS for the quarter, missing the consensus estimate of $0.62 by ($0.02). The firm had revenue of $29.51 million during the quarter, compared to analyst estimates of $29.78 million. OTC Markets Group had a net margin of 23.96% and a return on equity of 67.28%. As a group, research analysts forecast that OTC Markets Group will post 2.4 EPS for the current year.

OTC Markets Group Company Profile

OTC Markets Group Inc operates regulated markets for trading 12,000 U.S. and international securities. Its data-driven disclosure standards form the foundation of its three public markets: OTCQX Best Market, OTCQB Venture Market, and Pink Open Market. The company's OTC Link Alternative Trading Systems (ATSs) provide critical market infrastructure that broker-dealers rely on to facilitate trading.