Oppenheimer Holdings Inc. declared a special cash dividend of $1.00 per share for both its Class A non‑voting and Class B voting common stock. The dividend will be paid on January 9, 2026 to shareholders of record as of December 26, 2025, with a total payout of roughly $10.5 million. The one‑time distribution signals confidence in the firm’s liquidity and complements its long‑standing quarterly dividend program.
The dividend follows a strong Q3 2025 earnings report that showed a 13.7% rise in revenue to $424.4 million, driven largely by a 30.7% jump in Capital Markets revenue and a 5.6% increase in Wealth Management revenue. While revenue grew, net income fell to $21.7 million from $24.5 million in the same quarter last year, largely because of higher pre‑tax compensation expenses tied to the company’s share‑price‑based awards.
Segment analysis shows that Capital Markets revenue surged to $162.1 million, rebounding from a loss in Q3 2024 and reflecting renewed demand for investment banking and capital‑raising services amid a favorable rate‑cut cycle. Wealth Management revenue rose to $259.7 million, but pre‑tax income declined 13.2% to $62.5 million, reflecting higher operating costs and a shift in client mix toward lower‑margin retail products.
Oppenheimer’s balance sheet remains robust, with assets under management reaching a record $55.1 billion and assets under administration hitting $143.5 billion in Q3 2025. The company’s cash‑management activities provide the liquidity needed to fund the special dividend without impacting its ongoing capital‑raising or growth initiatives.
CEO Robert S. Lowenthal highlighted the company’s “strong operating performance” and the “positive investor sentiment” generated by the Fed’s rate‑cut cycle. He also noted that AI investments and a growing wealth‑management client base are key drivers of the firm’s long‑term growth strategy.
The special dividend is distinct from Oppenheimer’s regular quarterly dividend of $0.18 per share, which has been paid for 33 consecutive years. By returning $1.00 per share in a one‑time payout, the company aims to reward shareholders while maintaining its commitment to long‑term value creation.
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