WisdomTree, Inc. (NYSE:WT) Shareholders to Get $0.03 Quarterly Dividend

WisdomTree, Inc. (NYSE:WT) announced a quarterly dividend on Wednesday, October 28th. Investors of record on Wednesday, November 11th will be given a dividend of $0.03 per share on Wednesday, November 25th. This represents a $0.12 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Tuesday, November 10th.

WisdomTree has a dividend payout ratio of 16.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect WisdomTree to earn $1.32 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 9.1%.

WisdomTree Price Performance

WT stock opened at $19.46 on Friday. WisdomTree has a 52 week low of $10.69 and a 52 week high of $25.91. The firm has a market capitalization of $2.95 billion, a P/E ratio of 27.40 and a beta of 1.18. The company has a fifty day simple moving average of $22.66 and a two-hundred day simple moving average of $19.17. The company has a quick ratio of 3.20, a current ratio of 3.54 and a debt-to-equity ratio of 2.38.

WisdomTree (NYSE:WT) last posted its earnings results on Friday, October 30th. The company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.02. WisdomTree had a net margin of 16.64% and a return on equity of 40.93%. The firm had revenue of $179.38 million for the quarter, compared to the consensus estimate of $180.68 million. During the same period in the previous year, the firm posted $0.23 EPS. The business’s quarterly revenue was up 42.8% on a year-over-year basis. Analysts anticipate that WisdomTree will post 1.19 earnings per share for the current fiscal year.

About WisdomTree

WisdomTree, Inc is a financial services company that sponsors and manages exchange-traded funds (ETFs) and exchange-traded products. Its offerings provide access to equities, fixed income, currencies, commodities, alternatives and other asset classes through rules-based investment strategies designed for individual and institutional investors.

The company also provides model portfolios, separately managed accounts and other investment solutions for financial professionals. In addition, WisdomTree has developed products and capabilities related to digital assets and blockchain-enabled financial services, subject to applicable regulatory requirements.

Founded in 1985 and formerly known as WisdomTree Investments, the company launched its first ETFs in 2006 and became known for dividend-focused and fundamentally weighted strategies.