JMP Group (JMP) Raises Quarterly Dividend 20% to $0.30; 16.4% Yield

JMP Group (NYSE: JMP) declared a quarterly dividend of $0.30 per share, or $1.2 annualized. This is a 20% increase from the prior dividend of $0.25.

The dividend will be payable on September 2, 2011, to stockholders of record on August 19, 2011, with an ex-dividend date of August 3, 2011.

The annual yield on the dividend is 16.4 percent.

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