PHILADELPHIA, PA & NEW YORK, NY — Cohen & Company Inc. (NYSE American: COHN) said its board has approved a special cash dividend of $2.00 per share, a move that signals confidence in the firm’s operating momentum and balance sheet strength.
The dividend will be paid January 22, 2026, to stockholders of record as of January 7, 2026. The announcement follows what the company described as a period of solid operating performance across its business lines.
Chief Executive Officer Lester Brafman said the decision reflects both recent results and management’s outlook. He said the special dividend demonstrates confidence in the company’s future while reinforcing its commitment to returning value to shareholders.
Cohen & Company operates as a diversified financial services firm with activities spanning capital markets, asset management, and principal investing. Its capital markets segment includes fixed income sales and trading, underwriting, advisory services, and financing activities, conducted primarily through Cohen & Company Securities in the United States and its European affiliate. That segment also captures investment returns tied to advisory and underwriting engagements.
The company’s asset management arm oversees portfolios through collateralized debt obligations, managed accounts, joint ventures, and investment funds. As of September 30, 2025, Cohen & Company reported approximately $1.4 billion in assets under management, largely in fixed income investments across U.S., European, and Bermudian issuers, as well as select commercial real estate loans and SPAC-related equity interests.
Its principal investing segment holds investments associated with the firm’s SPAC franchise and other positions intended to generate long-term investment returns rather than support day-to-day trading or advisory operations.
Special dividends are relatively uncommon and often viewed by investors as a sign of excess capital or confidence in sustained cash generation. For Cohen & Company, the payout marks a notable capital return at a time when financial firms face uneven market conditions and heightened scrutiny of balance sheet discipline.
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