JMP Group Announces Special Cash Dividend

Rhea-AI Summary

JMP Group LLC (NYSE: JMP) has declared a special cash dividend totaling $5,000,000 to its common shareholders, amounting to $0.25 per share. This dividend will be distributed on or before November 17, 2021, for shareholders of record by November 15, 2021. As of November 3, 2021, there are 19,958,495 shares outstanding. JMP Group, a diversified capital markets firm, offers various financial services and products, including investment banking and asset management.

Positive

• Declaration of a special cash dividend of $5,000,000 enhances shareholder value.
• The dividend payout of $0.25 per share indicates strong cash reserves and company confidence.

Negative

• None.

SAN FRANCISCO--(BUSINESS WIRE)-- JMP Group LLC (NYSE: JMP), an investment banking and alternative asset management firm, announced today that its board of directors has declared a special cash dividend of $5,000,000 in aggregate to be paid on or before Wednesday, November 17, 2021, to common shareholders of record as of Monday, November 15, 2021.

Based on 19,958,495 common shares outstanding as of November 3, 2021, the distribution would equal approximately $0.25 per share.

About JMP Group

JMP Group LLC is a diversified capital markets 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 and its venture capital and private capital activities through Harvest Capital Strategies and JMP Asset Management. For more information, visit www.jmpg.com.

© 2021 JMP Group LLC

View source version on businesswire.com: https://www.businesswire.com/news/home/20211104006151/en/

Investor Relations Contact

JMP Group LLC

Andrew Palmer

(415) 835-8978

apalmer@jmpg.com

Media Relations Contacts

Dukas Linden Public Relations, Inc.

Zach Leibowitz

(646) 722-6528

zach@dlpr.com

Elena Muller

(646) 722-6529

elena@dlpr.com

Source: JMP Group LLC

FAQ

What is the dividend amount declared by JMP Group in November 2021?

JMP Group declared a special cash dividend of $5,000,000, equating to $0.25 per share.

When will JMP Group's special cash dividend be paid?

The dividend is set to be paid on or before November 17, 2021.

What is the record date for JMP Group's dividend payment?

The record date for the dividend payment is November 15, 2021.

How many shares outstanding does JMP Group have as of November 3, 2021?

JMP Group has 19,958,495 common shares outstanding as of November 3, 2021.