JMP Group (JMP) Declares $0.03 Quarterly Dividend; 1.7% Yield; Adds 1M Common to Buyback
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JMP Group (NYSE: JMP) declared a quarterly dividend of $0.03 per share, or $0.12 annualized.
The dividend will be payable on December 2, 2011, to stockholders of record on November 18, 2011, with an ex-dividend date of November 16, 2011.
The annual yield on the dividend is 1.7 percent.
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 dividend will be payable on December 2, 2011, to stockholders of record on November 18, 2011, with an ex-dividend date of November 16, 2011.
The annual yield on the dividend is 1.7 percent.
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.
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