Nasdaq, Inc. (NASDAQ:NDAQ) Announces Quarterly Dividend of $0.24

Nasdaq, Inc. (NASDAQ:NDAQ) declared a quarterly dividend on Thursday, July 25th, Zacks reports. Shareholders of record on Friday, September 13th will be given a dividend of 0.24 per share by the financial services provider on Friday, September 27th. This represents a $0.96 annualized dividend and a yield of 1.43%. The ex-dividend date is Friday, September 13th.

Nasdaq has raised its dividend by an average of 10.0% per year over the last three years and has raised its dividend annually for the last 13 consecutive years. Nasdaq has a payout ratio of 31.3% meaning its dividend is sufficiently covered by earnings. Research analysts expect Nasdaq to earn $3.06 per share next year, which means the company should continue to be able to cover its $0.96 annual dividend with an expected future payout ratio of 31.4%.

Nasdaq Trading Up 7.2 %

Shares of Nasdaq stock opened at $67.26 on Friday. The firm has a market cap of $38.69 billion, a PE ratio of 35.40, a P/E/G ratio of 2.89 and a beta of 0.94. Nasdaq has a 1 year low of $46.88 and a 1 year high of $67.77. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.99 and a quick ratio of 0.99. The stock has a fifty day moving average price of $60.82 and a 200-day moving average price of $59.69.

Nasdaq (NASDAQ:NDAQ) last posted its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.05. The business had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.13 billion. Nasdaq had a net margin of 15.98% and a return on equity of 17.00%. The firm’s quarterly revenue was up 25.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.71 earnings per share. Equities research analysts anticipate that Nasdaq will post 2.7 EPS for the current year.

Insider Activity

In related news, EVP Bryan Everard Smith sold 3,036 shares of the stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $59.89, for a total value of $181,826.04. Following the sale, the executive vice president now owns 58,636 shares in the company, valued at $3,511,710.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on NDAQ shares. Edward Jones initiated coverage on shares of Nasdaq in a report on Wednesday, April 3rd. They issued a “buy” rating on the stock. Rosenblatt Securities downgraded Nasdaq from a “buy” rating to a “neutral” rating and cut their price target for the stock from $76.00 to $64.00 in a research note on Wednesday, May 8th. Morgan Stanley upgraded Nasdaq from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $59.00 to $80.00 in a research note on Tuesday, April 9th. Barclays increased their target price on shares of Nasdaq from $73.00 to $74.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 10th. Finally, Keefe, Bruyette & Woods lowered their price target on shares of Nasdaq from $75.00 to $74.00 and set an “outperform” rating on the stock in a research report on Friday, April 26th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, Nasdaq has an average rating of “Moderate Buy” and an average price target of $67.08.

Nasdaq Company Profile

Nasdaq, Inc operates as a technology company that serves capital markets and other industries worldwide. It operates in three segments: Capital Access Platforms, Financial Technology, and Market Services. The Capital Access Platforms segment sells and distributes historical and real-time market data; and develops and licenses Nasdaq-branded indices and financial products.