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

Perella Weinberg Partners (NASDAQ:PWP) announced a quarterly dividend on Friday, May 3rd, Zacks reports. Investors of record on Tuesday, May 28th will be given a dividend of 0.07 per share on Monday, June 10th. This represents a $0.28 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date of this dividend is Tuesday, May 28th.

Perella Weinberg Partners has a payout ratio of 22.4% indicating that its dividend is sufficiently covered by earnings.

Perella Weinberg Partners Stock Performance

PWP traded down $0.32 during trading hours on Friday, reaching $14.72. The company’s stock had a trading volume of 1,794,236 shares, compared to its average volume of 445,137. Perella Weinberg Partners has a 52 week low of $6.80 and a 52 week high of $16.07. The company’s 50-day moving average is $14.40 and its 200-day moving average is $12.50. The firm has a market cap of $1.27 billion, a PE ratio of -11.15 and a beta of 1.52.

Perella Weinberg Partners (NASDAQ:PWP) last posted its quarterly earnings data on Thursday, February 8th. The company reported $0.08 earnings per share for the quarter. The firm had revenue of $212.68 million for the quarter. Perella Weinberg Partners had a positive return on equity of 34.39% and a negative net margin of 2.66%.

Wall Street Analysts Forecast Growth

PWP has been the topic of several recent research reports. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $16.00 price objective on shares of Perella Weinberg Partners in a research report on Monday, January 29th. JMP Securities increased their price objective on Perella Weinberg Partners from $18.00 to $22.00 and gave the stock a “market outperform” rating in a research report on Tuesday, April 9th. Finally, The Goldman Sachs Group reiterated a “sell” rating and set a $11.50 price objective (down previously from $14.00) on shares of Perella Weinberg Partners in a research report on Tuesday, January 9th.

Perella Weinberg Partners Company Profile

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.