JMP Group Increases Quarterly Dividend to $0.025 And Repurchase Authorization (JMP)

JMP Group Inc. 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 $0.025 per share for the first quarter of 2011, an increase of 25% from the prior quarter. The dividend will be paid on Friday, June 3, 2011 to common stockholders of record as of Friday, May 20, 2011.