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

OTC Markets Group Inc. (OTCMKTS:OTCM) declared a dividend on Saturday, November 16th,investing.com reports. Shareholders 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 11.5%. The ex-dividend date is Thursday, November 21st.

OTC Markets Group Stock Up 0.8 %

Shares of OTCMKTS OTCM traded up $0.42 during trading hours on Friday, hitting $52.16. The company had a trading volume of 2,947 shares, compared to its average volume of 5,377. OTC Markets Group has a 1-year low of $45.00 and a 1-year high of $62.00. The firm’s 50 day moving average is $49.16 and its 200-day moving average is $49.42. The stock has a market capitalization of $624.67 million, a P/E ratio of 23.29, a price-to-earnings-growth ratio of 2.32 and a beta of 0.53.

OTC Markets Group (OTCMKTS:OTCM) last issued its earnings results on Wednesday, November 6th. The financial services provider reported $0.61 EPS for the quarter, topping the consensus estimate of $0.60 by $0.01. OTC Markets Group had a return on equity of 75.89% and a net margin of 24.63%. The company had revenue of $27.39 million during the quarter, compared to the consensus estimate of $27.07 million. On average, 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.