Nasdaq, Inc. (NDAQ) to Issue Quarterly Dividend of $0.31 on September 25th

Nasdaq, Inc. (NASDAQ:NDAQ) declared a quarterly dividend on Thursday, July 23rd. Shareholders of record on Friday, September 11th will be given a dividend of 0.31 per share by the financial services provider on Friday, September 25th. This represents a c) annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Friday, September 11th.

Nasdaq has raised its dividend by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 14 consecutive years. Nasdaq has a dividend payout ratio of 34.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Nasdaq to earn $4.69 per share next year, which means the company should continue to be able to cover its $1.24 annual dividend with an expected future payout ratio of 26.4%.

Nasdaq Price Performance

Shares of NASDAQ:NDAQ opened at $95.04 on Wednesday. The company has a market capitalization of $53.13 billion, a PE ratio of 27.71, a price-to-earnings-growth ratio of 1.69 and a beta of 0.97. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.01 and a current ratio of 1.01. The stock has a fifty day moving average of $93.62 and a 200-day moving average of $89.24. Nasdaq has a one year low of $76.55 and a one year high of $101.79.

Nasdaq (NASDAQ:NDAQ) last announced its earnings results on Thursday, July 23rd. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.09. Nasdaq had a return on equity of 18.38% and a net margin of 22.60%.The company had revenue of $2.53 billion for the quarter, compared to analyst estimates of $1.46 billion. During the same period in the previous year, the firm earned $0.85 earnings per share. Nasdaq’s revenue for the quarter was up 14.9% compared to the same quarter last year. As a group, equities analysts anticipate that Nasdaq will post 4.15 EPS for the current fiscal year.

About Nasdaq

Nasdaq, Inc (NASDAQ:NDAQ) operates financial markets and provides technology, data and analytics services to exchanges, brokers, institutional investors, corporations and other financial institutions. The company is best known for operating the Nasdaq Stock Market, a major U.S. equities exchange and a prominent venue for technology and growth companies.

Nasdaq’s businesses include listings, trading, market data, indexes, clearing and market infrastructure solutions. Through its technology platforms, the company provides exchange operators and financial institutions with systems for trading, surveillance, risk management, regulatory compliance and other market functions.