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

Perella Weinberg Partners (NASDAQ:PWP) announced a quarterly dividend on Friday, February 7th,Wall Street Journal reports. Stockholders of record on Tuesday, February 18th will be paid a dividend of 0.07 per share on Monday, March 10th. This represents a $0.28 annualized dividend and a dividend 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 dividend payout ratio of 16.3% meaning its dividend is sufficiently covered by earnings.

Perella Weinberg Partners Price Performance

Shares of 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 stock has a 50 day simple moving average of $24.44 and a 200-day simple moving average of $22.18.

Perella Weinberg Partners (NASDAQ:PWP) last announced its quarterly earnings data on Friday, February 7th. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.02). Perella Weinberg Partners had a negative net margin of 11.09% and a negative return on equity of 295.65%.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods upped their price target on Perella Weinberg Partners from $27.00 to $29.00 and gave the stock an “outperform” rating in a report on Monday, February 10th.

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.