SmarterDividends
PIPR

Piper Sandler Companies

PIPR

Financial Services · Capital Markets · Stock · quarterly payer

$64.62

Undervalued · +75% Add to Portfolio

Forward Yield

1.24%

Annual Dividend

$0.80

Payout Ratio

17%

5-Yr Growth

18.6%

Ex-Date

Aug 28, 2026

Frequency

Quarterly

Key facts about PIPR's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 18, 2026, Piper Sandler Companies (PIPR) has a forward dividend yield of 1.24%, based on an annual dividend of $0.80 per share and a share price of $64.62.
  • As of Oct 18, 2026, PIPR's dividend safety grade from SmarterDividends is B (70 out of 100), which rates the dividend as safe.
  • By SmarterDividends' count, Piper Sandler Companies (PIPR) has raised its dividend for 2 consecutive years as of Oct 18, 2026.
  • PIPR last cut its regular dividend in 2020.
  • PIPR's most recent ex-dividend date was Aug 28, 2026, for a dividend of $0.20 per share.
  • As of Oct 18, 2026, PIPR pays out 17% of its trailing 12-month earnings as dividends (its payout ratio).
  • PIPR's dividend has grown at an average rate of 18.6% a year over the past five years.
  • As of Oct 18, 2026, PIPR's 1.24% yield is 62% below its five-year average yield of 3.27%.
  • As of Oct 18, 2026, SmarterDividends' blended fair-value estimate for PIPR is $112.86 per share, 75% above the $64.62 share price, so PIPR screens as undervalued.
  • Piper Sandler Companies (PIPR) pays its dividend quarterly, 4 times a year.
  • Piper Sandler Companies (PIPR) has raised its regular dividend 9 times and cut it 2 times across the 39 payments on record since 2017. Its most recent change was a 14.3% increase to $0.200 per share, going ex-dividend on May 29, 2026. The last cut went ex-dividend on May 26, 2022.
Cite this page

SmarterDividends, "PIPR Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 18, 2026, https://smarterdividends.com/stocks/PIPR

Summary

As of Oct 18, 2026, Piper Sandler Companies (PIPR) yields 1.24% ($0.80 a year per share), has a dividend safety grade of B (70/100) and has 2 consecutive years of dividend increases on record.

Is PIPR a good dividend stock?

Yes, with caveats

Piper Sandler Companies (PIPR) pays a quarterly dividend yielding 1.24% ($0.80/yr), with 2 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying.

Advantages

  • Comfortable payout ratio (17%)
  • Strong 18.6% 5-yr dividend growth
  • 56% total price return over 5 years

Risks

  • Cut its dividend in 2020

Key Data

Dividend Yield
1.24%
Payout Ratio
17%
Annual Dividend
$0.80
5-Yr Avg Growth
18.6%
Ex-Dividend Date
Aug 28, 2026
Years of Growth
2
Frequency
quarterly
Beta
1.44
Market Cap
$4.6B
P/E Ratio
15.0
5-Yr Total Return
56%
52-Week Range
$61.35 – $95.07
Dividend Safety
B · 70/100
Ever Cut?
Yes (2020)

PIPR dividend raises and cuts

Piper Sandler Companies (PIPR) has raised its regular dividend 9 times and cut it 2 times across the 39 payments on record since 2017. Its most recent change was a 14.3% increase to $0.200 per share, going ex-dividend on May 29, 2026. The last cut went ex-dividend on May 26, 2022.

Ex-dateChangeOld → newMove
May 29, 2026Raise$0.175 → $0.200+14.3%
Aug 29, 2025Raise$0.163 → $0.175+7.7%
Aug 29, 2024Raise$0.150 → $0.163+8.3%
May 26, 2022Cut$0.888 → $0.150−83.1%
Nov 22, 2021Raise$0.138 → $0.888+545.5%
Aug 26, 2021Raise$0.113 → $0.138+22.2%
May 27, 2021Raise$0.0938 → $0.113+20.0%
Nov 23, 2020Raise$0.0750 → $0.0938+25.0%
Aug 27, 2020Raise$0.0500 → $0.0750+50.0%
May 28, 2020Cut$0.0938 → $0.0500−46.7%
May 24, 2018Raise$0.0783 → $0.0938+19.8%
Every PIPR payment →Download every raise and cut (CSV)
PIPR ex-dividend date & scheduleNext ex-date Aug 28, 2026 · full ex-dividend historyView →PIPR dividend historyEvery payment, totals by year, raises and cutsView →

Frequently Asked Questions

Is PIPR a good dividend stock?

Yes, with caveats. Piper Sandler Companies (PIPR) pays a quarterly dividend yielding 1.24% ($0.80/yr), with 2 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying.

Is PIPR undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, PIPR's fair value is about $112.86 versus a $64.62 share price — so it looks undervalued (+75% vs. fair value).

Is PIPR's dividend safe?

PIPR has a dividend-safety grade of B (70/100), based on its payout coverage, free-cash-flow, 2-year growth streak, a dividend cut in 2020, debt and yield-versus-history.

What is PIPR's fair value?

Our blended fair-value estimate for PIPR is about $112.86 per share, roughly 75% above the current $64.62 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is PIPR a buy, hold, or sell?

We don't issue formal ratings, but on the data PIPR screens as "yes, with caveats" and undervalued. Piper Sandler Companies (PIPR) pays a quarterly dividend yielding 1.24% ($0.80/yr), with 2 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying. This is research for your own analysis, not investment advice.

Will PIPR cut its dividend?

PIPR earns a dividend-safety grade of B (70/100), and has cut its dividend before (last in 2020). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does PIPR pay a dividend?

Yes. Piper Sandler Companies pays a quarterly dividend of about $0.80 per share annually, a forward yield of roughly 1.24%.

What is PIPR's dividend yield?

As of Oct 18, 2026, PIPR's forward dividend yield is 1.24%, based on a $0.80 annual dividend and a $64.62 share price.

What is PIPR's dividend per share?

As of Oct 18, 2026, PIPR pays $0.80 per share per year, distributed on a quarterly basis.

What is PIPR's dividend payout ratio?

As of Oct 18, 2026, PIPR's payout ratio is 17% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.

How many years has PIPR grown its dividend?

As of Oct 18, 2026, PIPR has increased its dividend for 2 consecutive years.

When is the next PIPR ex-dividend date?

As of Oct 18, 2026, PIPR's next ex-dividend date hasn't been announced. The most recent was Aug 28, 2026, for $0.20 per share.

Income Calculator

At $0.80 / yr per share

Per payment (quarterly)$20.00
Annual$80.00
Monthly avg$6.67

Similar Dividend Stocks

JPMJPMJPMorgan Chase & Co.1.94%Financial ServicesVVVisa Inc.0.67%Financial ServicesMAMAMastercard Incorporated0.56%Financial ServicesBACBACBank of America Corporation2.50%Financial Services

Compare PIPR

PIPR vs JPMPIPR vs VPIPR vs MAPIPR vs BAC

Explore more

Lists and tools related to PIPR