Virtu Financial, Inc. (VIRT) to Issue Quarterly Dividend of $0.24 on March 16th

Virtu Financial, Inc. (NASDAQ:VIRT) announced a quarterly dividend on Thursday, January 29th. Investors of record on Friday, February 27th will be given a dividend of 0.24 per share by the financial services provider on Monday, March 16th. This represents a c) dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Friday, February 27th.

Virtu Financial has a payout ratio of 23.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Virtu Financial to earn $3.23 per share next year, which means the company should continue to be able to cover its $0.96 annual dividend with an expected future payout ratio of 29.7%.

Virtu Financial Price Performance

Shares of NASDAQ:VIRT opened at $40.85 on Wednesday. Virtu Financial has a 1-year low of $31.55 and a 1-year high of $45.77. The stock has a market cap of $6.25 billion, a PE ratio of 11.81, a price-to-earnings-growth ratio of 1.14 and a beta of 0.61. The stock’s fifty day simple moving average is $36.39 and its two-hundred day simple moving average is $36.28. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 1.11.

Virtu Financial (NASDAQ:VIRT) last issued its quarterly earnings results on Thursday, January 29th. The financial services provider reported $1.85 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.73. The company had revenue of $969.89 million for the quarter, compared to the consensus estimate of $513.51 million. Virtu Financial had a net margin of 10.43% and a return on equity of 32.08%. The firm’s quarterly revenue was up 16.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.14 EPS. As a group, analysts forecast that Virtu Financial will post 3.13 EPS for the current fiscal year.

Virtu Financial Company Profile

Virtu Financial, Inc (NASDAQ: VIRT) is a leading global electronic trading firm specializing in market making, liquidity provision and trade execution services across a broad range of asset classes. Leveraging advanced quantitative models and proprietary trading technology, Virtu provides continuous bid and ask quotes in equities, fixed income, foreign exchange, commodities and digital assets. The firm’s infrastructure is designed to operate at high speeds and low latencies, enabling tight spreads and efficient price discovery for its clients.

In addition to its market-making activities, Virtu offers agency execution services, algorithmic trading strategies and transaction cost analysis tools.