Nasdaq, Inc. (NASDAQ:NDAQ) Declares Quarterly Dividend of $0.27

Nasdaq, Inc. (NASDAQ:NDAQ) announced a quarterly dividend on Thursday, January 29th. Stockholders of record on Monday, March 16th will be paid a dividend of 0.27 per share by the financial services provider on Monday, March 30th. This represents a c) dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Monday, March 16th.

Nasdaq has raised its dividend by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 14 years. Nasdaq has a dividend payout ratio of 30.3% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Nasdaq to earn $3.61 per share next year, which means the company should continue to be able to cover its $1.08 annual dividend with an expected future payout ratio of 29.9%.

Nasdaq Stock Up 1.6%

Shares of NDAQ opened at $99.68 on Friday. Nasdaq has a 12-month low of $64.84 and a 12-month high of $101.79. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $56.92 billion, a PE ratio of 35.36, a price-to-earnings-growth ratio of 1.47 and a beta of 1.01. The business’s 50 day moving average is $95.55 and its 200 day moving average is $92.56.

Nasdaq (NASDAQ:NDAQ) last released its earnings results on Thursday, January 29th. The financial services provider reported $0.96 EPS for the quarter, topping the consensus estimate of $0.91 by $0.05. The firm had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.37 billion. Nasdaq had a net margin of 19.90% and a return on equity of 16.28%. Research analysts expect that Nasdaq will post 3.18 earnings per share for the current fiscal year.

About Nasdaq

Nasdaq, Inc is a global financial technology company that operates one of the world’s leading electronic securities exchanges and provides a broad array of products and services to capital markets participants. Its core activities include operating the Nasdaq Stock Market and other trading venues, developing and supplying market technology and matching engines to exchanges and trading firms, licensing market data and indices, and offering clearing, trade execution and post-trade solutions. The company also provides market surveillance, risk management and regulatory technology used by exchanges and regulators.

Founded in 1971 by the National Association of Securities Dealers (NASD) as the first electronic stock market, Nasdaq has evolved into a diversified marketplace and technology provider.