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JMP Group Increases Quarterly Dividend and Share Repurchase Authorization

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JMP Group Inc. (NYSE: JMP), an investment banking and alternative asset management firm, announced today that its board of directors has voted to raise the company’s cash dividend to $0.07 per share for the third quarter of 2014, an increase of more than 16% from $0.06 per share for the prior quarter, marking the fifth consecutive quarter in which the company has raised its dividend. The dividend will be paid on Friday, November 28, 2014, to common stockholders of record as of Friday, November 14, 2014.

In addition, the board of directors has increased the company’s share repurchase authorization to 1,000,000 shares through December 31, 2015. Under the board’s prior authorization, which was granted earlier this month, as of October 27, 2014, 473,716 shares remained eligible for repurchase through December 31, 2014.

About JMP Group

JMP Group Inc. is an investment banking and asset management firm that provides investment banking, sales and trading, and equity research services to corporate and institutional clients as well as alternative asset management products and services to institutional and high-net-worth investors. JMP Group operates through three subsidiaries: JMP Securities, Harvest Capital Strategies and JMP Credit Advisors. For more information, visit www.jmpg.com.

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