Perella Weinberg Partners Plans Quarterly Dividend of $0.07 (NASDAQ:PWP)

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 given a dividend of 0.07 per share on Monday, March 10th. This represents a $0.28 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date of this dividend is Tuesday, February 18th.

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

Perella Weinberg Partners Trading Up 4.7 %

PWP stock opened at $23.83 on Friday. Perella Weinberg Partners has a 12-month low of $11.68 and a 12-month high of $27.03. The company has a 50 day moving average of $24.44 and a two-hundred day moving average of $22.18.

Perella Weinberg Partners (NASDAQ:PWP) last released its earnings results on Friday, February 7th. The company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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%.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods increased their target price on shares of Perella Weinberg Partners from $27.00 to $29.00 and gave the stock an “outperform” rating in a research 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.