Intercontinental Exchange Inc. (ICE) to Issue Quarterly Dividend of $0.52 on June 30th

Intercontinental Exchange Inc. (NYSE:ICE) declared a quarterly dividend on Thursday, February 5th. Investors of record on Monday, June 15th will be given a dividend of 0.52 per share by the financial services provider on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Monday, June 15th.

Intercontinental Exchange has increased its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 9 years. Intercontinental Exchange has a dividend payout ratio of 27.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Intercontinental Exchange to earn $8.85 per share next year, which means the company should continue to be able to cover its $2.08 annual dividend with an expected future payout ratio of 23.5%.

Intercontinental Exchange Trading Up 0.9%

Intercontinental Exchange stock opened at $140.26 on Friday. The company has a 50 day moving average price of $154.22 and a 200 day moving average price of $159.27. Intercontinental Exchange has a 52 week low of $136.67 and a 52 week high of $189.35. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.01 and a current ratio of 1.01. The firm has a market capitalization of $79.32 billion, a price-to-earnings ratio of 20.42, a P/E/G ratio of 1.33 and a beta of 0.92.

Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings data on Thursday, April 30th. The financial services provider reported $2.35 EPS for the quarter, topping analysts’ consensus estimates of $2.23 by $0.12. Intercontinental Exchange had a net margin of 30.06% and a return on equity of 14.99%. The firm had revenue of $3.67 billion during the quarter, compared to analyst estimates of $2.88 billion. During the same quarter last year, the business posted $1.72 EPS. The company’s revenue was up 20.4% on a year-over-year basis. Research analysts forecast that Intercontinental Exchange will post 8.16 EPS for the current year.

About Intercontinental Exchange

Intercontinental Exchange (NYSE: ICE) is a global operator of exchanges, clearing houses and data services that provides infrastructure for the trading, clearing, settlement and information needs of financial and commodity markets. Founded in 2000 by Jeffrey C. Sprecher as an electronic energy trading platform, the company has grown through organic expansion and acquisitions to operate a broad portfolio of assets spanning listed equities, futures and options, fixed income, and over-the-counter derivatives.