KBW (KBW) Reports In-Line Q2 Results, Initiates Dividend and $70M Share Buyback Plan

KBW (NYSE: KBW) reports Q2 EPS of $0.26, in-line with the analyst estimate of $0.26. Revenue for the quarter was $105.8 million, which compares to the estimate of $110.31 million. KBW also announced today that its board of directors has adopted a quarterly dividend policy as well as a stock repurchase program. The board has a declared a cash dividend with respect to the second quarter of $0.05 per share of its outstanding common stock, payable on September 15, 2010 to shareholders of record on September 3, 2010. The stock repurchase program authorizes the company to repurchase in the aggregate up to $70.0 million of its outstanding common stock.... Read more

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