JMP Group Inc. (NYSE:JMP), an investment banking and alternative asset management firm, announced today that its board of directors has voted to increase the company’s cash dividend to $0.035 per share for the first quarter of 2012, an increase of nearly 17% from its dividend of $0.030 per share for the fourth quarter of 2011. The dividend will be paid on Friday, June 1, 2012 to common stockholders of record as of Friday, May 18, 2012.
About JMP Group
JMP Group Inc. is a full-service investment banking and asset management firm that provides investment banking, sales and trading, and equity research services to corporate and institutional clients and alternative asset management products to institutional and high-net-worth investors. JMP Group operates through three subsidiaries: JMP Securities, Harvest Capital Strategies and JMP Credit Advisors. For more information, visit www.jmpg.com.