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

WisdomTree, Inc. (NYSE:WT) announced a quarterly dividend on Friday, October 25th, NASDAQ reports. Stockholders of record on Wednesday, November 6th will be paid 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 1.17%. The ex-dividend date of this dividend is Wednesday, November 6th.

WisdomTree has a dividend payout ratio of 16.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect WisdomTree to earn $0.74 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 16.2%.

WisdomTree Trading Down 0.9 %

Shares of NYSE:WT opened at $10.26 on Monday. The company has a current ratio of 2.88, a quick ratio of 2.16 and a debt-to-equity ratio of 1.36. WisdomTree has a 12-month low of $6.23 and a 12-month high of $12.02. The business has a 50 day moving average of $10.01 and a two-hundred day moving average of $9.90. The company has a market capitalization of $1.56 billion, a PE ratio of 35.38 and a beta of 1.43.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Craig Hallum increased their price target on shares of WisdomTree from $12.00 to $15.00 and gave the stock a “buy” rating in a report on Monday, July 29th. UBS Group increased their target price on shares of WisdomTree from $12.00 to $14.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Keefe, Bruyette & Woods restated a “market perform” rating and set a $12.00 target price (up from $11.00) on shares of WisdomTree in a research report on Monday, July 29th. Northland Securities upped their price target on WisdomTree from $12.00 to $13.50 and gave the stock an “outperform” rating in a report on Monday, July 29th. Finally, Northcoast Research lowered WisdomTree from a “strong-buy” rating to a “hold” rating in a report on Sunday, September 15th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $12.25.

WisdomTree Company Profile

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.