OTC Markets Group Inc. (OTCMKTS:OTCM) to Issue Dividend of $1.50

OTC Markets Group Inc. (OTCMKTS:OTCM) declared a dividend on Monday, November 18th,investing.com reports. Stockholders of record on Friday, November 22nd will be given a dividend of 1.50 per share by the financial services provider on Thursday, December 5th. This represents a dividend yield of 11.18%. The ex-dividend date of this dividend is Thursday, November 21st.

OTC Markets Group Stock Performance

OTCM stock traded up $1.49 during midday trading on Tuesday, reaching $53.65. 16,851 shares of the company’s stock traded hands, compared to its average volume of 4,612. The company has a 50-day moving average price of $49.16 and a two-hundred day moving average price of $49.38. The firm has a market capitalization of $642.73 million, a PE ratio of 23.29, a price-to-earnings-growth ratio of 2.41 and a beta of 0.53. OTC Markets Group has a 52 week low of $45.00 and a 52 week high of $62.00.

OTC Markets Group (OTCMKTS:OTCM) last posted its earnings results on Wednesday, November 6th. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.01. OTC Markets Group had a net margin of 24.63% and a return on equity of 75.89%. The business had revenue of $27.39 million for the quarter, compared to analysts’ expectations of $27.07 million. As a group, analysts predict that OTC Markets Group will post 2.4 EPS for the current fiscal 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.