PJT Partners Inc. (PJT) to Issue Quarterly Dividend of $0.25 on June 17th

PJT Partners Inc. (NYSE:PJT) declared a quarterly dividend on Thursday, April 23rd. Investors of record on Wednesday, June 3rd will be given a dividend of 0.25 per share by the financial services provider on Wednesday, June 17th. This represents a c) annualized dividend and a yield of 0.7%. The ex-dividend date is Wednesday, June 3rd.

PJT Partners has raised its dividend payment by an average of 0.4%annually over the last three years. PJT Partners has a payout ratio of 14.5% indicating that its dividend is sufficiently covered by earnings. 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 Performance

PJT opened at $153.21 on Monday. The company has a fifty day moving average price of $150.13 and a two-hundred day moving average price of $159.55. PJT Partners has a 52 week low of $127.73 and a 52 week high of $195.62. The firm has a market capitalization of $3.96 billion, a PE ratio of 22.33 and a beta of 0.85.

PJT Partners (NYSE:PJT) last released its earnings results on Tuesday, April 28th. The financial services provider reported $1.54 EPS for the quarter, topping analysts’ consensus estimates of $1.51 by $0.03. PJT Partners had a net margin of 10.32% and a return on equity of 32.00%. The firm had revenue of $418.20 million during the quarter, compared to analyst estimates of $409.38 million. During the same quarter in the previous year, the business earned $1.05 EPS. The business’s quarterly revenue was up 28.9% compared to the same quarter last year. Equities analysts forecast that PJT Partners will post 7.5 EPS for the current year.

About PJT Partners

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.