Institutional Financial Markets Inc (NYSEMKT:IFMI) Plans $0.02 Quarterly Dividend

Institutional Financial Markets Inc (NYSEMKT:IFMI) announced a quarterly dividend on Tuesday, August 8th, Wall Street Journal reports. Investors of record on Thursday, August 17th will be given a dividend of 0.02 per share by the financial services provider on Thursday, August 31st. This represents a $0.08 dividend on an annualized basis and a yield of 6.84%. The ex-dividend date of this dividend is Tuesday, August 15th.

Institutional Financial Markets (IFMI) traded up 4.46% during midday trading on Friday, reaching $1.17. 3,409 shares of the company were exchanged. The firm’s 50-day moving average price is $1.17 and its 200 day moving average price is $1.20. Institutional Financial Markets has a 52-week low of $0.98 and a 52-week high of $1.63. The stock has a market capitalization of $13.87 million, a price-to-earnings ratio of 6.32 and a beta of 0.26.

Institutional Financial Markets (NYSEMKT:IFMI) last posted its quarterly earnings data on Thursday, August 3rd. The financial services provider reported $0.03 earnings per share for the quarter. Institutional Financial Markets had a return on equity of 4.29% and a net margin of 5.38%. The company had revenue of $11.37 million during the quarter.

A number of brokerages have issued reports on IFMI. ValuEngine cut Institutional Financial Markets from a “buy” rating to a “hold” rating in a report on Friday, July 28th. TheStreet upgraded Institutional Financial Markets from a “d” rating to a “c” rating in a research note on Tuesday, May 30th.

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About Institutional Financial Markets

Institutional Financial Markets, Inc (IFMI) is a financial services company. The Company specializes in credit-related fixed income investments. The Company provides a range of capital markets, investment banking and asset management solutions to institutional investors, corporations and other small broker-dealers.

Dividend History for Institutional Financial Markets (NYSEMKT:IFMI)

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