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

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 paid a dividend of 1.50 per share by the financial services provider on Thursday, December 5th. This represents a dividend yield of 11.18%. The ex-dividend date is Thursday, November 21st.

OTC Markets Group Trading Up 2.9 %

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

OTC Markets Group (OTCMKTS:OTCM) last released its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, beating 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 business had revenue of $27.39 million during the quarter, compared to analyst estimates of $27.07 million. As a group, research analysts expect that OTC Markets Group will post 2.4 EPS for the current fiscal 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.