Piper Sandler Companies (NYSE:PIPR) has released its first-quarter financials for 2024, showing a commendable 15% increase in net revenues to $343 million, with adjusted net revenues rising to $334 million.
The advisory services sector contributed significantly to the quarter’s success with revenues of $157 million, thanks in part to a standout performance by the energy & power team.
The firm also recorded a high in corporate financing activities, earning $53 million and marking the best quarter since 2021.
Demonstrating its commitment to shareholder returns, Piper Sandler declared a quarterly cash dividend of $0.60 per share, payable on June 7, 2024, to shareholders on record as of May 24, 2024.
Additionally, the company returned $88 million to shareholders during the quarter through a combination of share repurchases and dividends.