OTC Markets Group Inc. (OTCMKTS:OTCM) Plans $1.50 Quarterly Dividend

OTC Markets Group Inc. (OTCMKTS:OTCM) announced a quarterly dividend on Wednesday, November 6th,investing.com reports. Investors of record on Thursday, December 5th will be given a dividend of 1.50 per share by the financial services provider on Thursday, December 19th. This represents a $6.00 dividend on an annualized basis and a yield of 11.35%. The ex-dividend date is Wednesday, December 4th.

OTC Markets Group Stock Performance

Shares of OTCMKTS OTCM opened at $52.85 on Monday. OTC Markets Group has a fifty-two week low of $45.00 and a fifty-two week high of $60.16. The company has a market cap of $632.98 million, a price-to-earnings ratio of 23.59, a PEG ratio of 2.45 and a beta of 0.53. The business’s 50 day moving average price is $50.33 and its 200-day moving average price is $49.46.

OTC Markets Group (OTCMKTS:OTCM) last released its earnings results on Wednesday, November 6th. The financial services provider reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.01. The business had revenue of $27.39 million for the quarter, compared to analyst estimates of $27.07 million. OTC Markets Group had a return on equity of 70.24% and a net margin of 24.63%. Sell-side analysts predict that OTC Markets Group will post 2.4 earnings per share 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.