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

OTC Markets Group Inc. (OTCMKTS:OTCM) announced a dividend on Monday, November 18th,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 yield of 11.18%. The ex-dividend date is Thursday, November 21st.

OTC Markets Group Stock Performance

OTCM traded up $1.49 during trading hours on Monday, reaching $53.65. The company’s stock had a trading volume of 16,851 shares, compared to its average volume of 5,428. OTC Markets Group has a 52 week low of $45.00 and a 52 week high of $62.00. The firm has a market cap of $642.73 million, a PE ratio of 23.29, a price-to-earnings-growth ratio of 2.41 and a beta of 0.53. The company’s 50-day moving average is $49.16 and its 200-day moving average is $49.38.

OTC Markets Group (OTCMKTS:OTCM) last announced its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.01. The company had revenue of $27.39 million during the quarter, compared to the consensus estimate of $27.07 million. OTC Markets Group had a net margin of 24.63% and a return on equity of 75.89%. Equities analysts anticipate that OTC Markets Group will post 2.4 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.