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

OTC Markets Group Inc. (OTCMKTS:OTCM) declared a quarterly dividend on Wednesday, November 6th,NASDAQ Dividends reports. Shareholders 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 11.59%. The ex-dividend date is Thursday, December 5th.

OTC Markets Group Trading Down 4.1 %

Shares of OTCM traded down $2.21 during mid-day trading on Thursday, hitting $51.76. The company’s stock had a trading volume of 7,768 shares, compared to its average volume of 5,407. The company’s 50-day moving average is $48.81 and its 200-day moving average is $49.47. OTC Markets Group has a 52-week low of $45.00 and a 52-week high of $62.00. The firm has a market capitalization of $619.77 million, a price-to-earnings ratio of 23.11, a PEG ratio of 2.45 and a beta of 0.53.

OTC Markets Group (OTCMKTS:OTCM) last posted its earnings results on Wednesday, August 7th. The financial services provider reported $0.56 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.10). OTC Markets Group had a return on equity of 71.64% and a net margin of 24.67%. The company had revenue of $27.56 million for the quarter, compared to analysts’ expectations of $28.06 million. As a group, sell-side analysts predict that OTC Markets Group will post 2.36 earnings per share for the current fiscal year.

About OTC Markets Group

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.