JMP Group Declares Quarterly Dividend and Increases Share Repurchase Authorization
02 November 2011 - 2:00PM
Business Wire
JMP Group Inc. (NYSE:JMP), an investment banking and alternative
asset management firm, 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.
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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