Oppenheimer Holdings (NYSE:OPY) has announced a special cash dividend of $1 per share on both its Class A non-voting and Class B voting common stock, a move the company says reflects improved operating results and a stronger financial position.
The aggregate payment for the special dividend is projected to be approximately $10.5 million.
The company confirmed that it intends to fund the entire dividend through its existing cash management activities.
The special dividend will be payable on January 9, 2026, to shareholders of record at the close of business on December 26, 2025.
Management stated that the special dividend serves as recognition of the firm's enhanced financial health and operational performance.
This announcement rewards shareholders and signals optimism regarding Oppenheimer’s future business prospects.