Piper Jaffray Companies (PJC) Initiates, Declares $0.3125 Quarterly Dividend; 1.8% Yield

Piper Jaffray Companies (NYSE: PJC) declared a quarterly dividend of $0.3125 per share, or $1.25 annualized.

The dividend will be payable on March 13, 2017, to stockholders of record on February 20, 2017, with an ex-dividend date of February 15, 2017.

The annual yield on the dividend is 1.8 percent.

"We've consistently strived to return capital to our shareholders through our share repurchase program. The growth and diversification of our business enabled us to add a quarterly dividend as another way to return capital to shareholders, while still ensuring that we have sufficient capital to continue to invest in and grow our business," said Andrew Duff, chairman and chief executive officer of Piper Jaffray.

For a dividend history and other dividend-related data on Piper Jaffray Companies (PJC) click here.

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