Nasdaq, Inc. (NDAQ) to Issue Quarterly Dividend of $0.31 on June 26th

Nasdaq, Inc. (NASDAQ:NDAQ) declared a quarterly dividend on Thursday, April 23rd. Investors of record on Friday, June 12th will be paid a dividend of 0.31 per share by the financial services provider on Friday, June 26th. This represents a c) annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Friday, June 12th. This is a 14.8% increase from Nasdaq’s previous quarterly dividend of $0.27.

Nasdaq has increased its dividend by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 14 years. Nasdaq has a payout ratio of 34.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect Nasdaq to earn $4.33 per share next year, which means the company should continue to be able to cover its $1.24 annual dividend with an expected future payout ratio of 28.6%.

Nasdaq Stock Performance

Shares of NDAQ stock opened at $87.52 on Wednesday. The stock has a fifty day moving average price of $88.70 and a 200 day moving average price of $90.11. The stock has a market cap of $49.50 billion, a PE ratio of 26.36, a P/E/G ratio of 1.73 and a beta of 0.97. Nasdaq has a 1 year low of $77.09 and a 1 year high of $101.79. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.00 and a current ratio of 1.00.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings data on Thursday, April 23rd. The financial services provider reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.03. The firm had revenue of $2.14 billion during the quarter, compared to analysts’ expectations of $1.42 billion. Nasdaq had a return on equity of 17.51% and a net margin of 23.15%.Nasdaq’s revenue was up 13.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.79 earnings per share. Sell-side analysts forecast that Nasdaq will post 3.86 earnings per share for the current fiscal year.

Nasdaq Company Profile

Nasdaq, Inc is a global financial technology company that operates one of the world’s leading electronic securities exchanges and provides a broad array of products and services to capital markets participants. Its core activities include operating the Nasdaq Stock Market and other trading venues, developing and supplying market technology and matching engines to exchanges and trading firms, licensing market data and indices, and offering clearing, trade execution and post-trade solutions. The company also provides market surveillance, risk management and regulatory technology used by exchanges and regulators.

Founded in 1971 by the National Association of Securities Dealers (NASD) as the first electronic stock market, Nasdaq has evolved into a diversified marketplace and technology provider.