Intercontinental Exchange Inc. (NYSE:ICE) Declares $0.52 Quarterly Dividend

Intercontinental Exchange Inc. (NYSE:ICE) declared a quarterly dividend on Thursday, February 5th. Shareholders of record on Wednesday, December 16th will be paid a dividend of 0.52 per share by the financial services provider on Thursday, December 31st. This represents a c) annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Wednesday, December 16th.

Intercontinental Exchange has increased its dividend by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 9 consecutive years. Intercontinental Exchange has a dividend payout ratio of 25.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect Intercontinental Exchange to earn $7.52 per share next year, which means the company should continue to be able to cover its $1.92 annual dividend with an expected future payout ratio of 25.5%.

Intercontinental Exchange Price Performance

ICE opened at $167.96 on Friday. Intercontinental Exchange has a 1 year low of $143.17 and a 1 year high of $189.35. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.01 and a quick ratio of 1.01. The company has a market capitalization of $95.77 billion, a price-to-earnings ratio of 30.59, a P/E/G ratio of 2.00 and a beta of 1.02. The firm’s fifty day moving average price is $164.96 and its two-hundred day moving average price is $166.59.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings results on Thursday, February 5th. The financial services provider reported $1.71 earnings per share for the quarter, beating analysts’ consensus estimates of $1.67 by $0.04. Intercontinental Exchange had a net margin of 25.24% and a return on equity of 13.79%. The company had revenue of $3.14 billion for the quarter, compared to analyst estimates of $2.51 billion. During the same period last year, the firm earned $1.52 earnings per share. The firm’s revenue was up 7.8% on a year-over-year basis. As a group, analysts anticipate that Intercontinental Exchange will post 6.73 earnings per share for the current fiscal 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.