Oppenheimer Holdings Q3 Profit Down

(RTTNews) - Oppenheimer Holdings Inc. (OPY) reported the third quarter of 2014 net income of $4.5 million or $0.31 per share down from $5.2 million or $0.37 per share for the third quarter of 2013.

Income before taxes was $10.9 million for the third quarter of 2014 compared with income before taxes of $8.2 million for the third quarter of 2013, an increase of 33.5% Revenue for the third quarter of 2014 was $244.7 million compared with $243.4 million in the third quarter of 2013, an increase of 0.5%.

The Company announced a quarterly dividend in the amount of $0.11 per share payable on November 28, 2014 to holders of Class A non-voting and Class B voting common stock of record on November 14, 2014.