JMP Group Declares Quarterly Dividend and Increases Share Repurchase Authorization
31 Oktober 2012 - 9:15PM
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 cash dividend of $0.035 per share for
the third quarter of 2012 to be paid on Friday, November 30, 2012
to common stockholders of record as of Friday, November 16,
2012.
Furthermore, JMP Group’s board of directors has authorized the
repurchase of up to 500,000 additional shares of the company’s
outstanding common stock through December 31, 2013. The company had
repurchased approximately 850,000 shares of stock since the time of
the board’s prior authorization in November 2011 — and a total of
approximately 6,150,000 shares since October 2007 — leaving
approximately 350,000 shares still to be repurchased. JMP Group’s
board of directors has extended the timeline for the repurchase of
the remaining amount; and, as a result, the company is now
authorized to repurchase a total of approximately 850,000 common
shares through December 31, 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 as well as 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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