Oppenheimer Announces Special Cash Payout to Shareholders

Oppenheimer US6837971042

Investment bank and financial services firm Oppenheimer has declared a one-time special dividend for its shareholders. The company's board approved a payout of $1.00 per share for both Class A and Class B common stock. This distribution will be funded from existing liquid assets, with an estimated total cost of approximately $10.5 million.

Shareholders of record at the close of business on December 26 will be eligible for the special dividend, which is scheduled for payment on January 9, 2026. The announcement underscores the firm's robust financial position, which external metrics rate as "GREAT." Oppenheimer currently trades with a price-to-earnings (P/E) ratio of 9.73 and a price/earnings-to-growth (PEG) ratio of 0.56. The stock closed at $72.57 yesterday.

CEO Robert S. Lowenthal stated that the decision reflects a strong operational performance and an improved financial foundation. This special payment extends the firm's track record of consistent shareholder returns; Oppenheimer has now paid dividends for 33 consecutive years.

Recent Performance and Strategic Moves

The company's latest quarterly results showed solid revenue growth. For the third quarter of 2025, Oppenheimer reported revenue of $424.4 million, a 13.7% increase compared to Q3 2024. Net income for the period was $21.7 million, with basic earnings per share of $2.06. This compares to a net income of $24.5 million, or $2.38 per share, in the prior-year quarter.

Concurrently, Oppenheimer has been active on several strategic fronts:
* Strategic Investment: Its subsidiary, Oppenheimer & Co. Inc., participated in a $500 million funding round for cryptocurrency exchange Kraken, which carried a valuation of $15 billion.
* Leadership Expansion: The firm has filled several key executive roles, including Kostas Biliouris as Managing Director of Biotech Research, Keith Peterson as Head of Cash Equity Sales and Trading, and Guy T. Logan as Head of Infrastructure & Mid-Atlantic Region for Public Finance.
* Platform Enhancement: To better serve small and mid-sized investment firms, Oppenheimer has integrated its fixed-income custody operations into its broader Custody and Prime Services platform.

Market Outlook and Dividend Execution

Looking ahead, Oppenheimer's strategists have published a year-end 2026 price target of 8,100 for the S&P 500 index. This forecast is based on an expected earnings per share of $305 for the index and a forward P/E multiple of 26.5. The firm cites potential Federal Reserve interest rate cuts and sustained corporate profits, driven by innovation and AI adoption, as key supportive factors for the market.

The special $1.00 per share dividend will be disbursed as planned on January 9. Investors must hold shares through the December 26 record date to qualify for the payment.