Cowen news

Cowen

TD Bank Group received all necessary regulatory approvals to buy Cowen for $1.3 billion, or $39 per share. Deal will be closed on March 1.

Cowen

TD Bank Group is buying Cowen for $1.3 billion, or $39 per share. Closing of deal is scheduled for Q1 2023.

Cowen

The Cowen Board of Directors announced a quarterly dividend of $0.12 per share. The last day to buy securities to receive the dividend is May 30, 2022. The annual dividend yield may reach 1.49%.

Cowen

Cowen's GAAP net income for 3 months of 2022 was $55.147 billion, down 2.76 times from $152.066 billion in the previous year. Revenue declined 45.1% to $410.592 billion from $747.526 billion a year earlier.

Cowen

Cowen's GAAP net income for 2021 was $303.991 million, up 46.8% from $207.064 million in the prior year. Revenue increased 20.3% to $2.113 billion from $1.756 billion a year earlier.

Cowen

The Cowen Board of Directors announced a quarterly dividend of $0.12 per share. The last day to buy securities to receive the dividend is February 24, 2022. The annual dividend yield may reach 1.19%.

Cowen

Cowen has completed the acquisition of Portico Capital Advisors, which provides advisory services in M&A transactions. Cowen expects the acquisition will result in a 20% increase in advisory services revenue for fiscal year 2022. The payment consisted of 75% cash and 25% stock. The company did not disclose the amount of the deal.

Cowen

Cowen is acquiring Portico Capital Advisors, which provides advisory services in M&A transactions. Cowen expects the acquisition will increase advisory services revenue by about 20% in fiscal year 2022. The payment will consist of 75% cash and 25% stock. The deal is scheduled to close in Q4 2021.

Cowen

The Cowen Board of Directors announced a quarterly dividend of $0.1 per share. The last day to buy securities to receive the dividend is November 29, 2021. The annual dividend yield may reach 1.03%.

Cowen

Cowen's GAAP net income for 9M 2021 was $244.009 million, up 2.3 times from $104.353 million in the previous year. Revenues increased 39.1% to $1.619 billion from $1.164 billion a year earlier.