Och-Ziff Capital Management Group LLC (ozm) Plans Dividend Increase – $0.02 Per Share

Och-Ziff Capital Management Group LLC (NYSE:ozm) announced a quarterly dividend on Tuesday, May 2nd. Stockholders of record on Friday, May 12th will be given a dividend of 0.02 per share by the asset manager on Friday, May 19th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 3.43%. The ex-dividend date of this dividend is Wednesday, May 10th. This is a positive change from Och-Ziff Capital Management Group’s previous quarterly dividend of $0.01.

Och-Ziff Capital Management Group has a dividend payout ratio of 44.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Och-Ziff Capital Management Group to earn $0.32 per share next year, which means the company should continue to be able to cover its $0.08 annual dividend with an expected future payout ratio of 25.0%.

Och-Ziff Capital Management Group (NYSE:OZM) traded up 2.58% during midday trading on Friday, hitting $2.39. The stock had a trading volume of 159,386 shares. The stock has a 50-day moving average of $2.34 and a 200-day moving average of $2.85. Och-Ziff Capital Management Group has a 52 week low of $2.15 and a 52 week high of $4.78. The firm’s market cap is $442.45 million.

Och-Ziff Capital Management Group (NYSE:OZM) last announced its quarterly earnings results on Tuesday, May 2nd. The asset manager reported $0.07 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.05. Och-Ziff Capital Management Group had a negative net margin of 18.75% and a positive return on equity of 106.32%. The business had revenue of $133.21 million for the quarter, compared to analysts’ expectations of $104.31 million. During the same quarter last year, the firm earned $0.11 EPS. The firm’s revenue for the quarter was down 24.1% compared to the same quarter last year. Analysts forecast that Och-Ziff Capital Management Group will post $0.41 EPS for the current fiscal year.

Dividend History for Och-Ziff Capital Management Group (NYSE:ozm)

Several research firms have commented on OZM. JPMorgan Chase & Co. cut shares of Och-Ziff Capital Management Group from an “overweight” rating to a “neutral” rating in a research report on Thursday, February 16th. Credit Suisse Group AG set a $3.00 target price on shares of Och-Ziff Capital Management Group and gave the stock a “hold” rating in a research report on Thursday, February 16th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $2.50 target price on shares of Och-Ziff Capital Management Group in a research report on Wednesday, April 12th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $3.00 target price on shares of Och-Ziff Capital Management Group in a research report on Tuesday, May 2nd. Seven analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Och-Ziff Capital Management Group currently has a consensus rating of “Hold” and an average price target of $3.78.

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An institutional investor recently bought a new position in Och-Ziff Capital Management Group stock. Credit Suisse AG bought a new stake in Och-Ziff Capital Management Group LLC (NYSE:OZM) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 100,000 shares of the asset manager’s stock, valued at approximately $226,000. Credit Suisse AG owned about 0.05% of Och-Ziff Capital Management Group at the end of the most recent quarter. 52.74% of the stock is currently owned by institutional investors.

Och-Ziff Capital Management Group Company Profile

Och-Ziff Capital Management Group LLC (Och-Ziff) is an institutional alternative asset manager. The Company provides asset management services through its funds, which pursue a range of global investment opportunities. The Company operates through two segments: the Och-Ziff Funds and real estate business.

5 Day Chart for NYSE:OZM

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