Cohen & Company Inc (NYSEAMERICAN:COHN) declared a quarterly dividend on Wednesday, March 7th, Wall Street Journal reports. Investors of record on Tuesday, March 20th will be paid a dividend of 0.20 per share by the financial services provider on Tuesday, April 3rd. This represents a $0.80 annualized dividend and a yield of 7.62%. The ex-dividend date is Monday, March 19th. This is an increase from Cohen & Company Inc’s previous quarterly dividend of $0.02.
Cohen & Company Inc (NYSEAMERICAN:COHN) opened at $10.50 on Wednesday. The company has a market capitalization of $13.22, a PE ratio of 36.21 and a beta of -0.48.
In other news, major shareholder Stephanie Ricciardi acquired 20,000 shares of Cohen & Company Inc stock in a transaction that occurred on Thursday, January 4th. The shares were purchased at an average cost of $15.00 per share, for a total transaction of $300,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Vice Chairman Daniel G. Cohen sold 15,881 shares of the firm’s stock in a transaction on Tuesday, December 19th. The stock was sold at an average price of $8.00, for a total value of $127,048.00. The disclosure for this sale can be found here.
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Cohen & Company Inc, formerly Institutional Financial Markets, Inc, 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.
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