JMP Group Inc. (NYSE: JMP), an investment banking and alternative asset management firm, announced today that its board of directors has voted to increase the company’s cash dividend to $0.025 per share for the first quarter of 2011, an increase of 25% from the prior quarter. The dividend will be paid on Friday, June 3, 2011 to common stockholders of record as of Friday, May 20, 2011.

Additionally, the company’s board of directors has authorized the repurchase of up to 500,000 additional shares of the company’s outstanding common stock during the next twelve months. Under its previous authorizations, JMP Group had repurchased 4.7 million shares of stock since October 2007, leaving approximately 260,000 shares still to be repurchased. As a result, the company is now authorized to repurchase a total of approximately 760,000 common shares.

About JMP Group

JMP Group Inc. is a full-service investment banking and asset management firm that provides investment banking, sales and trading, and equity research services to corporate and institutional clients and alternative asset management products to institutional and high-net-worth investors. JMP Group operates through three subsidiaries: JMP Securities, Harvest Capital Strategies and JMP Credit Advisors. For more information, visit www.jmpg.com.

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