NEW YORK, Dec. 14, 2021 /PRNewswire/ - Oppenheimer
Holdings Inc. (NYSE: OPY) (the "Company" or "Firm) today
announced that its Board of Directors has declared a special cash
dividend on the Company's Class A non-voting and Class B voting
common stock of $1.00 per share,
payable December 31, 2021, to
shareholders of record at the close of business on December 27, 2021. The aggregate payment will be
approximately $12.5 million. The
special dividend will be funded through existing cash.
Albert G. Lowenthal, Chairman and
CEO commented: "We are pleased that the Firm's operating results
for a second consecutive year have been outstanding, permitting us
to again reward shareholders with a special year-end dividend of
$1.00 per share. This is in addition
to the $0.03, or 25%, increase in the
quarterly dividend to $0.15 per share
effective in the second quarter of 2021. Despite recent
market turbulence surrounding Coronavirus variants, we remain
optimistic about the Company's competitive position and prospects
in a continuing strong economy."
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 New York and has
92 retail branch offices in the United
States and has institutional businesses located in
London, Tel Aviv, and Hong
Kong.
Forward-Looking Statements
This press release includes certain "forward-looking statements"
relating to anticipated future performance including the projected
impact of COVID-19 on the Company's business, financial
performance, and operating results. The following factors, among
others, could cause actual results to vary from the forward-looking
statements: the severity and duration of COVID-19; COVID-19's
impact on the U.S. and global economies; and Federal, state and
local governmental responses to COVID-19. For a discussion of other
factors that could cause future performance to be different than
anticipated, reference is made to Factors Affecting
"Forward-Looking Statements" and Part 1A – Risk Factors in the
Company's Annual Report on Form 10-K for the year ended
December 31, 2020.
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SOURCE Oppenheimer Holdings Inc.