OTC Markets Group Inc. (OTCMKTS:OTCM) Declares $1.50 Dividend

OTC Markets Group Inc. (OTCMKTS:OTCM) announced a dividend on Tuesday, November 19th,investing.com reports. Stockholders of record on Friday, November 22nd will be paid a dividend of 1.50 per share by the financial services provider on Thursday, December 5th. This represents a dividend yield of 11.18%. The ex-dividend date is Thursday, November 21st.

OTC Markets Group Price Performance

Shares of OTCM traded down $0.24 during midday trading on Wednesday, reaching $53.41. The stock had a trading volume of 4,846 shares, compared to its average volume of 5,420. OTC Markets Group has a 1-year low of $45.00 and a 1-year high of $62.00. The company’s fifty day simple moving average is $49.41 and its two-hundred day simple moving average is $49.40. The company has a market cap of $639.61 million, a price-to-earnings ratio of 23.84, a PEG ratio of 2.41 and a beta of 0.53.

OTC Markets Group (OTCMKTS:OTCM) last announced its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.01. OTC Markets Group had a net margin of 24.63% and a return on equity of 75.89%. The business had revenue of $27.39 million for the quarter, compared to analyst estimates of $27.07 million. On average, sell-side analysts forecast that OTC Markets Group will post 2.4 earnings per share for the current year.

About OTC Markets Group

OTC Markets Group Inc operates regulated markets for trading 12,000 U.S. and international securities. Its data-driven disclosure standards form the foundation of its three public markets: OTCQX Best Market, OTCQB Venture Market, and Pink Open Market. The company's OTC Link Alternative Trading Systems (ATSs) provide critical market infrastructure that broker-dealers rely on to facilitate trading.