PJT Partners Inc. (NYSE:PJT) Declares Quarterly Dividend of $0.25

Key Points

• Quarterly dividend of $0.25 declared, payable June 17 to shareholders of record on June 3, implying a $1.00 annual dividend and a yield of about 0.7%.
• PJT beat quarterly expectations with $1.54 EPS versus $1.47 forecast and revenue up 28.9% year‑over‑year; strong profitability (net margin ~10.5%, ROE ~31.7%) and analyst EPS forecasts (about $8.80 next year) suggest the dividend is well covered (current payout ratio ~14.5%).
• Shares dipped ~1.6% to $153.39 on the report, trading above the 50‑day ($145.35) but below the 200‑day ($162.38); market cap is roughly $3.7 billion with a P/E around 23.

PJT Partners Inc. (NYSE:PJT - Get Free Report) announced a quarterly dividend on Tuesday, April 28th. Stockholders of record on Wednesday, June 3rd will be given a dividend of 0.25 per share by the financial services provider on Wednesday, June 17th. This represents a c) annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Wednesday, June 3rd.

PJT Partners has increased its dividend payment by an average of 0.4%per year over the last three years. PJT Partners has a dividend payout ratio of 14.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect PJT Partners to earn $8.80 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 11.4%.

PJT Partners Stock Down 1.6%

Shares of PJT traded down $2.42 during midday trading on Tuesday, hitting $153.39. The company had a trading volume of 554,171 shares, compared to its average volume of 353,817. The company's 50 day moving average price is $145.35 and its 200 day moving average price is $162.38. The stock has a market cap of $3.71 billion, a price-to-earnings ratio of 23.10 and a beta of 0.88. PJT Partners has a 52 week low of $127.73 and a 52 week high of $195.62.

PJT Partners (NYSE:PJT - Get Free Report) last released its earnings results on Tuesday, April 28th. The financial services provider reported $1.54 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.07. PJT Partners had a net margin of 10.51% and a return on equity of 31.69%. PJT Partners's revenue was up 28.9% compared to the same quarter last year. During the same period in the prior year, the company posted $1.05 earnings per share. Equities analysts anticipate that PJT Partners will post 7.65 EPS for the current fiscal year.

About PJT Partners

PJT Partners is a global advisory-focused investment bank that delivers strategic advisory, restructuring and special situations, and capital solutions to corporations, partnerships, and governments. The firm operates through three primary business segments: Strategic Advisory, which covers mergers and acquisitions, shareholder advisory, and capital markets advisory; Restructuring and Special Situations, which provides advice on debt and liability management, distressed mergers and acquisitions, and financial restructurings; and Park Hill, the firm's dedicated capital-raising and secondary advisory business for private equity, real estate, hedge funds, and infrastructure.

The Strategic Advisory practice at PJT Partners assists clients with complex transactions such as cross-border mergers, spin-offs, divestitures, and takeover defenses, drawing on deep industry expertise and global reach.

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