JMP Group Declares Quarterly Dividend and Increases Share Repurchase Authorization
05 März 2013 - 10:30PM
Business Wire
JMP Group Inc. (NYSE: JMP), an investment banking and
alternative asset management firm, announced today that its board
of directors declared a cash dividend of $0.035 per share for the
fourth quarter of 2012 to be paid on Friday, April 5, 2013 to
common stockholders of record as of Friday, March 22, 2013.
Furthermore, the board of directors authorized the repurchase of
up to 1,252,383 additional shares of the company’s outstanding
common stock through December 31, 2014. Under the board’s prior
authorization, which was granted in October 2012, 747,617 shares
remained eligible for repurchase through December 13, 2013. The
latest authorization brings the total number of shares eligible for
repurchase to 2,000,000 and extends the timeline through year-end
2014 for the entire amount.
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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