WisdomTree, Inc. (NYSE:WT) Announces $0.03 Quarterly Dividend

WisdomTree, Inc. (NYSE:WT) announced a quarterly dividend on Friday, October 25th, NASDAQ reports. Stockholders of record on Wednesday, November 6th will be given a dividend of 0.03 per share on Wednesday, November 20th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date of this dividend is Wednesday, November 6th.

WisdomTree has a payout ratio of 17.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect WisdomTree to earn $0.69 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 17.4%.

WisdomTree Stock Up 0.9 %

WT opened at $10.47 on Friday. The company has a market capitalization of $1.59 billion, a P/E ratio of 15.40 and a beta of 1.43. The company has a debt-to-equity ratio of 0.62, a current ratio of 3.01 and a quick ratio of 2.18. The firm’s fifty day moving average price is $9.96 and its two-hundred day moving average price is $9.86. WisdomTree has a fifty-two week low of $6.06 and a fifty-two week high of $12.02.

WisdomTree (NYSE:WT) last posted its earnings results on Friday, October 25th. The company reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.01. The business had revenue of $113.17 million for the quarter, compared to analysts’ expectations of $110.80 million. WisdomTree had a net margin of 19.72% and a return on equity of 19.22%. On average, analysts anticipate that WisdomTree will post 0.62 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms recently commented on WT. Northcoast Research downgraded WisdomTree from a “strong-buy” rating to a “hold” rating in a research report on Sunday, September 15th. UBS Group boosted their target price on shares of WisdomTree from $12.00 to $14.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Craig Hallum increased their target price on shares of WisdomTree from $12.00 to $15.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. Oppenheimer boosted their price target on shares of WisdomTree from $12.00 to $13.00 and gave the company an “outperform” rating in a research report on Monday, July 29th. Finally, Northland Securities raised their price objective on shares of WisdomTree from $12.00 to $13.50 and gave the stock an “outperform” rating in a report on Monday, July 29th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, WisdomTree has an average rating of “Moderate Buy” and an average target price of $12.25.

About WisdomTree

WisdomTree, Inc, through its subsidiaries, operates as an exchange-traded funds (ETFs) sponsor and asset manager. It offers ETFs in equities, currency, fixed income, and alternatives asset classes. The company also licenses its indexes to third parties for proprietary products, as well as offers a platform to promote the use of WisdomTree ETFs in 401(k) plans.