PJT Partners Inc. to Issue Quarterly Dividend of $0.25 (NYSE:PJT)

PJT Partners Inc. (NYSE:PJTGet Free Report) announced a quarterly dividend on Tuesday, April 28th. Shareholders of record on Wednesday, June 3rd will be paid a dividend of 0.25 per share by the financial services provider on Wednesday, June 17th. This represents a c) dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Wednesday, June 3rd.

PJT Partners has raised its dividend by an average of 0.4%per year over the last three years. PJT Partners has a dividend payout ratio of 14.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect PJT Partners to earn $8.80 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 11.4%.

PJT Partners Stock Down 1.6%

Shares of PJT opened at $153.39 on Wednesday. PJT Partners has a 52-week low of $127.73 and a 52-week high of $195.62. The firm has a market cap of $3.71 billion, a price-to-earnings ratio of 23.10 and a beta of 0.88. The business’s 50 day moving average is $145.36 and its two-hundred day moving average is $162.26.

PJT Partners (NYSE:PJTGet Free Report) last issued its quarterly earnings results on Tuesday, April 28th. The financial services provider reported $1.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.51 by $0.03. The business had revenue of $418.20 million during the quarter, compared to analyst estimates of $396.46 million. PJT Partners had a net margin of 10.51% and a return on equity of 31.69%. The business’s revenue was up 28.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.05 earnings per share. On average, equities analysts expect that PJT Partners will post 7.65 earnings per share for the current fiscal year.

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PJT Partners Company Profile

(Get Free Report)

PJT Partners is a global advisory-focused investment bank that delivers strategic advisory, restructuring and special situations, and capital solutions to corporations, partnerships, and governments. The firm operates through three primary business segments: Strategic Advisory, which covers mergers and acquisitions, shareholder advisory, and capital markets advisory; Restructuring and Special Situations, which provides advice on debt and liability management, distressed mergers and acquisitions, and financial restructurings; and Park Hill, the firm’s dedicated capital-raising and secondary advisory business for private equity, real estate, hedge funds, and infrastructure.

The Strategic Advisory practice at PJT Partners assists clients with complex transactions such as cross-border mergers, spin-offs, divestitures, and takeover defenses, drawing on deep industry expertise and global reach.

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Dividend History for PJT Partners (NYSE:PJT)

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