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

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

OTC Markets Group Price Performance

Shares of OTC Markets Group stock opened at $53.65 on Tuesday. The firm has a market capitalization of $642.73 million, a price-to-earnings ratio of 23.29, a PEG ratio of 2.41 and a beta of 0.53. The business has a 50-day simple moving average of $49.16 and a 200 day simple moving average of $49.38. OTC Markets Group has a one year low of $45.00 and a one year high of $62.00.

OTC Markets Group (OTCMKTS:OTCM) last posted its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $0.61 EPS for the quarter, beating 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 during the quarter, compared to analyst estimates of $27.07 million. On average, sell-side analysts expect that OTC Markets Group will post 2.4 EPS for the current 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.