Perella Weinberg Partners (NASDAQ:PWP) Announces Quarterly Dividend of $0.07

Perella Weinberg Partners (NASDAQ:PWPGet Free Report) declared a quarterly dividend on Friday, November 8th,Zacks Dividends reports. Shareholders of record on Wednesday, December 4th will be paid a dividend of 0.07 per share on Wednesday, December 18th. This represents a $0.28 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date is Wednesday, December 4th.

Perella Weinberg Partners has a dividend payout ratio of 20.7% meaning its dividend is sufficiently covered by earnings.

Perella Weinberg Partners Stock Performance

Shares of PWP stock traded up $0.55 on Friday, hitting $24.43. The company had a trading volume of 615,839 shares, compared to its average volume of 281,886. The firm has a market cap of $2.10 billion, a P/E ratio of -8.48 and a beta of 1.49. Perella Weinberg Partners has a twelve month low of $10.12 and a twelve month high of $25.10. The stock’s 50-day moving average is $20.16 and its two-hundred day moving average is $17.78.

Perella Weinberg Partners (NASDAQ:PWPGet Free Report) last issued its quarterly earnings results on Friday, November 8th. The company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.14. The business had revenue of $278.20 million for the quarter, compared to analyst estimates of $196.42 million. Perella Weinberg Partners had a positive return on equity of 56.85% and a negative net margin of 15.75%. Perella Weinberg Partners’s quarterly revenue was up 100.1% compared to the same quarter last year. During the same period last year, the company posted $0.12 earnings per share.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. JMP Securities boosted their price objective on Perella Weinberg Partners from $22.00 to $26.00 and gave the company a “market outperform” rating in a research note on Wednesday, October 9th. Keefe, Bruyette & Woods boosted their target price on Perella Weinberg Partners from $18.00 to $19.00 and gave the stock an “outperform” rating in a research report on Friday, July 12th.

Check Out Our Latest Research Report on PWP

Perella Weinberg Partners Company Profile

(Get Free Report)

Perella Weinberg Partners, an independent investment banking company, provides strategic and financial advice services in the United States and internationally. The company offers advisory services related to strategic and financial decisions, mergers and acquisition execution, shareholder and defense advisory, and financing and capital solutions advice with resources focused on restructuring, liability management, and capital markets advisory, as well as underwriting and research services primarily for the energy and related industries.

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Dividend History for Perella Weinberg Partners (NASDAQ:PWP)

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