LPL Financial Holdings Inc. (NASDAQ:LPLA) to Issue $0.30 Quarterly Dividend

LPL Financial Holdings Inc. (NASDAQ:LPLA) announced a quarterly dividend on Thursday, January 29th. Stockholders of record on Tuesday, March 10th will be paid a dividend of 0.30 per share by the financial services provider on Tuesday, March 24th. This represents a c) dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Tuesday, March 10th.

LPL Financial has raised its dividend by an average of 0.0%annually over the last three years. LPL Financial has a payout ratio of 5.3% meaning its dividend is sufficiently covered by earnings. Research analysts expect LPL Financial to earn $23.34 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 5.1%.

LPL Financial Trading Up 0.0%

Shares of LPL Financial stock traded up $0.06 during midday trading on Friday, reaching $362.77. 514,480 shares of the company’s stock traded hands, compared to its average volume of 585,946. The stock has a 50 day moving average of $365.83 and a 200-day moving average of $358.40. LPL Financial has a 12 month low of $262.83 and a 12 month high of $403.58. The company has a market cap of $29.04 billion, a PE ratio of 33.43, a price-to-earnings-growth ratio of 0.79 and a beta of 0.57. The company has a debt-to-equity ratio of 1.49, a quick ratio of 2.60 and a current ratio of 2.60.

LPL Financial (NASDAQ:LPLA) last issued its quarterly earnings data on Thursday, January 29th. The financial services provider reported $5.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.82 by $0.41. LPL Financial had a net margin of 5.35% and a return on equity of 36.80%. The business had revenue of $4.93 billion for the quarter, compared to the consensus estimate of $4.90 billion. During the same period in the previous year, the firm earned $4.25 EPS. The company’s quarterly revenue was up 8.4% compared to the same quarter last year. As a group, equities analysts expect that LPL Financial will post 19.35 EPS for the current fiscal year.

About LPL Financial

LPL Financial (NASDAQ: LPLA) is a U.S.-focused financial services firm that provides brokerage, custodial and advisory platforms to independent financial advisors, registered investment advisers and institutions. Operating primarily as an independent broker-dealer and custodian, the company supports a network of advisors with the operational, compliance and clearing infrastructure needed to manage client accounts and deliver investment advice outside of traditional wirehouse models.

The firm’s product and service offerings include trade execution and clearing, custody services, retirement plan services, model portfolio and advisory platforms, wealth management technology, investment research and product access across equities, fixed income, mutual funds, exchange-traded funds and insurance and annuity solutions.