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

WisdomTree, Inc. (NYSE:WT) announced a quarterly dividend on Wednesday, July 24th, NASDAQ reports. Shareholders of record on Wednesday, August 7th will be paid a dividend of 0.03 per share on Wednesday, August 21st. This represents a $0.12 annualized dividend and a yield of 1.21%. The ex-dividend date is Wednesday, August 7th.

WisdomTree has a dividend payout ratio of 19.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect WisdomTree to earn $0.66 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 18.2%.

WisdomTree Price Performance

NYSE:WT traded down $0.11 during mid-day trading on Tuesday, reaching $9.93. 124,039 shares of the stock were exchanged, compared to its average volume of 1,136,140. The company has a current ratio of 3.01, a quick ratio of 2.18 and a debt-to-equity ratio of 0.62. WisdomTree has a 1-year low of $6.06 and a 1-year high of $12.02. The business has a fifty day moving average price of $10.22 and a 200 day moving average price of $9.08. The firm has a market capitalization of $1.51 billion, a PE ratio of 14.76 and a beta of 1.48.

Analyst Ratings Changes

Several brokerages have issued reports on WT. Craig Hallum increased their price target on WisdomTree from $12.00 to $15.00 and gave the stock a “buy” rating in a report on Monday, July 29th. Keefe, Bruyette & Woods restated a “market perform” rating and set a $12.00 target price (up previously from $11.00) on shares of WisdomTree in a research report on Monday, July 29th. Morgan Stanley raised their target price on WisdomTree from $7.75 to $9.25 and gave the stock an “equal weight” rating in a research report on Wednesday, April 17th. UBS Group lifted their price objective on WisdomTree from $9.00 to $12.00 and gave the stock a “buy” rating in a report on Friday, April 12th. Finally, Northland Securities boosted their price target on WisdomTree from $12.00 to $13.50 and gave the stock an “outperform” rating in a research report on Monday, July 29th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $11.96.

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.