WisdomTree, Inc. (NYSE:WT) Shareholders to Receive $0.03 Quarterly Dividend

WisdomTree, Inc. (NYSE:WT) announced a quarterly dividend on Wednesday, October 28th. Stockholders of record on Wednesday, November 11th will be paid a dividend of $0.03 per share on Wednesday, November 25th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Tuesday, November 10th.

WisdomTree has a payout ratio of 16.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect WisdomTree to earn $1.32 per share next year, which means the company should continue to be able to cover its $0.12 annual dividend with an expected future payout ratio of 9.1%.

WisdomTree Stock Up 2.3%

Shares of WT opened at $19.46 on Friday. The firm has a fifty day moving average price of $22.66 and a 200-day moving average price of $19.17. The company has a current ratio of 3.54, a quick ratio of 3.20 and a debt-to-equity ratio of 2.38. The firm has a market capitalization of $2.95 billion, a P/E ratio of 27.40 and a beta of 1.18. WisdomTree has a 12-month low of $10.69 and a 12-month high of $25.91.

WisdomTree (NYSE:WT) last posted its quarterly earnings results on Friday, October 30th. The company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.30 by $0.02. WisdomTree had a net margin of 16.64% and a return on equity of 40.93%. The company had revenue of $179.38 million for the quarter, compared to the consensus estimate of $180.68 million. During the same quarter last year, the firm posted $0.23 EPS. The firm’s revenue was up 42.8% compared to the same quarter last year. Equities research analysts expect that WisdomTree will post 1.19 earnings per share for the current year.

About WisdomTree

WisdomTree, Inc is a financial services company that sponsors and manages exchange-traded funds (ETFs) and exchange-traded products. Its offerings provide access to equities, fixed income, currencies, commodities, alternatives and other asset classes through rules-based investment strategies designed for individual and institutional investors.

The company also provides model portfolios, separately managed accounts and other investment solutions for financial professionals. In addition, WisdomTree has developed products and capabilities related to digital assets and blockchain-enabled financial services, subject to applicable regulatory requirements.

Founded in 1985 and formerly known as WisdomTree Investments, the company launched its first ETFs in 2006 and became known for dividend-focused and fundamentally weighted strategies.