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

OTC Markets Group Inc. (OTCMKTS:OTCM) announced a dividend on Wednesday, November 20th,investing.com reports. Investors 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 11.17%. The ex-dividend date is Thursday, November 21st.

OTC Markets Group Stock Performance

OTC Markets Group stock traded up $0.29 during midday trading on Wednesday, reaching $53.70. The company’s stock had a trading volume of 3,598 shares, compared to its average volume of 5,416. OTC Markets Group has a fifty-two week low of $45.00 and a fifty-two week high of $62.00. The firm has a market capitalization of $643.11 million, a PE ratio of 23.97, a P/E/G ratio of 2.41 and a beta of 0.53. The stock’s 50 day simple moving average is $49.41 and its 200 day simple moving average is $49.40.

OTC Markets Group (OTCMKTS:OTCM) last issued its earnings results on Wednesday, November 6th. The financial services provider reported $0.61 earnings per share for the quarter, topping 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 company had revenue of $27.39 million for the quarter, compared to analyst estimates of $27.07 million. Equities 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.