JMP Group LLC (NYSE:JMP), an investment banking and alternative asset management firm, announced today that its board of directors has declared regular cash distributions of $0.04 per share for the months of July, August and September 2015, as well as a special cash distribution of $0.03 per share.

In total, the three monthly distributions equal $0.12 per share for the third quarter of the year, an increase of 8.1% from $0.111 per share for the prior quarter and an increase of 100.0% from the cash dividend of $0.06 per share paid during the third quarter of 2014, when the company was structured as a C-corporation.

“Our third quarter cash distribution of $0.12 per share equates to an annualized yield of more than 6%, based on our most recent closing price,” said Chairman and Chief Executive Officer Joe Jolson. “Considering that we currently intend to retain all earnings generated by our taxable operating subsidiaries, we are pleased that we have been able to increase our regular, monthly cash distributions each quarter this year and also make a special distribution for the first half, based on the investment performance of the publicly traded partnership.”

The July and special distributions are payable on or before August 15, 2015, to shareholders of record as of July 31, 2015. The August distribution is payable on or before September 15, 2015, to shareholders of record as of August 31, 2015. The September distribution is payable on or before October 15, 2015, to shareholders of record as of September 30, 2015.

About JMP Group

JMP Group LLC is an investment banking and asset management firm that provides investment banking, equity research, and sales and trading services to corporate and institutional clients as well as alternative asset management products and services to institutional and high-net-worth investors. JMP Group conducts its investment banking and research, sales and trading activities through JMP Securities; its hedge fund and other investment activities though Harvest Capital Strategies; the underwriting and management of investments in senior secured debt through JMP Credit Advisors; and the management of Harvest Capital Credit Corporation (NASDAQ: HCAP), a business development company that finances small and midsized businesses, through HCAP Advisors. For more information, visit www.jmpg.com.

Investor Relations ContactJMP Group LLCAndrew Palmer, 415-835-8978apalmer@jmpg.comorMedia Relations ContactsDukas Public RelationsSeth Linden, 212-704-7385seth@dukaspr.comZach Leibowitz, 212-704-7385zach@dukaspr.com

JMP (NYSE:JMP)
Historical Stock Chart
Von Jun 2024 bis Jul 2024 Click Here for more JMP Charts.
JMP (NYSE:JMP)
Historical Stock Chart
Von Jul 2023 bis Jul 2024 Click Here for more JMP Charts.