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Evercore Inc. announces Q1 2023 results, declares 4.1% dividend increase to $0.76 per share
April 26, 2023
April 26, 2023
Evercore Inc., a leading global independent investment banking advisory firm, has announced its results for the first quarter ended March 31, 2023. The company's Board of Directors has declared a quarterly dividend of $0.76 per share, which represents a 4.1% increase from the previous dividend of $0.73 per share.
The dividend will be paid on June 9, 2023, to common stockholders of record on May 26, 2023. Evercore's decision to increase its dividend payment demonstrates the company's commitment to returning capital to its shareholders and highlights the company's strong financial position.
In addition to the dividend announcement, Evercore also reported that during the first quarter, the company repurchased 0.9 million shares from employees for the net settlement of stock-based compensation awards at an average price per share of $131.79. The company also repurchased 1.3 million shares at an average price per share of $132.50 in open market transactions pursuant to the company's share repurchase program. The aggregate 2.2 million shares were acquired at an average price per share of $132.20.
Evercore's strong financial performance in the first quarter of 2023 has enabled the company to increase its dividend payment and repurchase shares. The company reported adjusted net revenue of $605.5 million, up 24% year-over-year, and adjusted net income of $185.7 million, up 30% year-over-year.
Members of LevelFields received the alert of this event on April 26, 7:05 AM ET
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