OPPENHEIMER HOLDINGS INC. DECLARES SPECIAL DIVIDEND
Rhea-AI Summary
Oppenheimer Holdings (NYSE: OPY) declared a special cash dividend of $1.00 per share on Class A non-voting and Class B voting common stock, payable January 9, 2026 to shareholders of record at the close of business on December 26, 2025.
The aggregate payment is expected to be approximately $10.5 million, and the company said the special dividend will be funded through its existing cash management activities. Management framed the dividend as recognition of improved operating results and financial position.
Positive
- $1.00 per share special dividend declared
- Payment date set for January 9, 2026
- Aggregate payout of approximately $10.5 million
Negative
- Company cash reduced by approximately $10.5 million upon payment
News Market Reaction
On the day this news was published, OPY gained 0.70%, reflecting a mild positive market reaction. Our momentum scanner triggered 3 alerts that day, indicating moderate trading interest and price volatility. This price movement added approximately $6M to the company's valuation, bringing the market cap to $811M at that time.
Data tracked by StockTitan Argus on the day of publication.
Robert S. Lowenthal, President and Chief Executive Officer, commented: "We are pleased to recognize the year's operating results and our improved financial position through the announcement of a special dividend of
Company Information
Oppenheimer Holdings Inc., through its operating subsidiaries, is a leading middle market investment bank and full service broker-dealer that is engaged in a broad range of activities in the financial services industry, including retail securities brokerage, institutional sales and trading, investment banking (corporate and public finance), equity and fixed income research, market-making, trust services, and investment advisory and asset management services. With roots tracing back to 1881, the Company is headquartered in
Forward-Looking Statements
Certain statements in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. OPY cautions that a number of important factors could cause OPY's actual future results and other future circumstances to differ materially from those expressed in any forward-looking statements. Such factors include, but are not limited to the factors identified in "Factors Affecting 'Forward-Looking Statements'" and Part 1A—"Risk Factors" in OPY's Annual Report on Form 10-K for the year ended December 31, 2024, and OPY's Quarterly Reports for the quarters ended March 31, 2025, June 30, 2025 and September 30, 2025. OPY does not undertake any obligation to release publicly any revisions to forward-looking statements made by it to reflect events or circumstances occurring after the date hereof or the occurrence of unanticipated events.
View original content:https://www.prnewswire.com/news-releases/oppenheimer-holdings-inc-declares-special-dividend-302639792.html
SOURCE Oppenheimer Holdings Inc.
FAQ
What special dividend did Oppenheimer Holdings (OPY) declare on December 12, 2025?
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