JMP Group JMP Declares $0.03 Dividend and Adds 1 Million Shares To Buyback Plan

JMP Group Inc. (NYSE: JMP) announced today that its board of directors has declared a dividend of $0.03 per share for the third quarter of 2011, to be paid on Friday, December 2, 2011 to common stockholders of record as of Friday, November 18, 2011.

Furthermore, JMP Group’s board of directors has authorized the repurchase of up to 1,000,000 additional shares of the company’s outstanding common stock through April 1, 2013. Under its previous authorizations, JMP Group had repurchased approximately 5,275,000 shares of stock since October 2007, leaving approximately 225,000 shares still to be repurchased. The company’s board of directors has extended the timeline for the repurchase of the remaining amount; and, as a result, JMP Group is now authorized to repurchase a total of approximately 1,225,000 common shares through April 1, 2013.

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