Evercore Partners (EVR) Raises Quarterly Dividend 16% to $0.58; 2.4% Yield
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Evercore Partners (NYSE: EVR) declared a quarterly dividend of $0.58 per share, or $2.32 annualized. This is a 16% increase from the prior dividend of $0.50.
The dividend will be payable on June 14, 2019, to stockholders of record on May 31, 2019, with an ex-dividend date of May 30, 2019.
The annual yield on the dividend is 2.4 percent.
Ralph Schlosstein, President and Chief Executive Officer
"While our revenues and operating earnings were below our record first quarter last year, we experienced balanced contributions from all of our businesses in the first quarter, with increased numbers of completed transactions in both Advisory and Underwriting. We continued to build our backlog of assignments and provided independent research of value to our institutional investor clients," said Ralph Schlosstein, President and Chief Executive Officer. "Human capital remains the most important investment that we make in our business, and we continued to add talent throughout the firm. We returned $137 million of capital to shareholders through share repurchases and dividends in the first quarter. Our Board reviewed our capital return objectives in April, increasing our quarterly dividend to $0.58 per quarter, a 16% increase. The Board also affirmed our objective of offsetting the dilution associated with bonus and new hire equity and returning all earnings not required for investment in future growth through dividends and share repurchases."
For a dividend history and other dividend-related data on Evercore Partners (EVR) click here.
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