Piper Sandler Companies (NYSE:PIPR) announced a quarterly dividend on Friday, October 30th, Zacks reports. Shareholders of record on Tuesday, November 24th will be paid a dividend of 0.375 per share on Friday, December 11th. This represents a $1.50 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date is Monday, November 23rd. This is an increase from Piper Sandler Companies’s previous quarterly dividend of $0.30.
Piper Sandler Companies has a dividend payout ratio of 20.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect Piper Sandler Companies to earn $5.73 per share next year, which means the company should continue to be able to cover its $1.50 annual dividend with an expected future payout ratio of 26.2%.
PIPR stock opened at $92.07 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.24 and a quick ratio of 0.61. Piper Sandler Companies has a 1 year low of $31.95 and a 1 year high of $94.91. The stock has a market capitalization of $1.65 billion, a PE ratio of 19.42 and a beta of 1.38. The company’s 50-day moving average is $84.08 and its 200-day moving average is $69.36.
About Piper Sandler Companies
Piper Sandler Companies operates as an investment bank and institutional securities firm that serves corporations, private equity groups, public entities, non-profit entities, and institutional investors in the United States and internationally. The company offers investment banking and institutional sales, trading, and research services for various equity and fixed income products.
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