Perella Weinberg Partners (PWP) to Issue Quarterly Dividend of $0.07 on March 10th

Perella Weinberg Partners (NASDAQ:PWP) announced a quarterly dividend on Friday, February 7th,Wall Street Journal reports. Shareholders of record on Tuesday, February 18th will be paid a dividend of 0.07 per share on Monday, March 10th. This represents a $0.28 annualized dividend and a yield of 1.17%. The ex-dividend date is Tuesday, February 18th.

Perella Weinberg Partners has raised its dividend by an average of 26.0% per year over the last three years. Perella Weinberg Partners has a payout ratio of 16.3% indicating that its dividend is sufficiently covered by earnings.

Perella Weinberg Partners Stock Up 4.7 %

Shares of NASDAQ PWP opened at $23.83 on Friday. Perella Weinberg Partners has a 1-year low of $11.68 and a 1-year high of $27.03. The business has a 50-day moving average of $24.44 and a 200-day moving average of $22.18.

Perella Weinberg Partners (NASDAQ:PWP) last issued its earnings results on Friday, February 7th. The company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.02). Perella Weinberg Partners had a negative return on equity of 295.65% and a negative net margin of 11.09%.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods increased their price target on Perella Weinberg Partners from $27.00 to $29.00 and gave the company an “outperform” rating in a report on Monday, February 10th.

About Perella Weinberg Partners

Perella Weinberg Partners, an independent investment banking company, provides strategic and financial advice services in the United States and internationally. The company offers advisory services related to strategic and financial decisions, mergers and acquisition execution, shareholder and defense advisory, and financing and capital solutions advice with resources focused on restructuring, liability management, and capital markets advisory, as well as underwriting and research services primarily for the energy and related industries.