Nasdaq Inc (NASDAQ:NDAQ) announced a quarterly dividend on Wednesday, October 24th, RTT News reports. Shareholders of record on Friday, December 14th will be given a dividend of 0.44 per share by the financial services provider on Friday, December 28th. This represents a $1.76 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date of this dividend is Thursday, December 13th.

Nasdaq has increased its dividend payment by an average of 36.0% annually over the last three years and has increased its dividend every year for the last 5 years. Nasdaq has a payout ratio of 36.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Nasdaq to earn $5.11 per share next year, which means the company should continue to be able to cover its $1.76 annual dividend with an expected future payout ratio of 34.4%.

Shares of Nasdaq stock opened at $87.36 on Friday. The firm has a market capitalization of $14.74 billion, a PE ratio of 19.46, a price-to-earnings-growth ratio of 1.97 and a beta of 0.50. Nasdaq has a 12 month low of $72.98 and a 12 month high of $96.84. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.94 and a current ratio of 0.94.

Nasdaq (NASDAQ:NDAQ) last announced its earnings results on Wednesday, October 24th. The financial services provider reported $1.15 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.01. The business had revenue of $600.00 million for the quarter, compared to analysts’ expectations of $605.67 million. Nasdaq had a net margin of 17.95% and a return on equity of 13.69%. The company’s quarterly revenue was down .5% on a year-over-year basis. During the same period in the previous year, the company posted $1.01 EPS. As a group, equities research analysts expect that Nasdaq will post 4.77 EPS for the current fiscal year.

In other Nasdaq news, insider Ann M. Dennison sold 1,553 shares of the business’s stock in a transaction on Monday, October 29th. The shares were sold at an average price of $83.67, for a total value of $129,939.51. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Lars Wedenborn sold 2,500 shares of the business’s stock in a transaction on Wednesday, November 28th. The shares were sold at an average price of $89.94, for a total transaction of $224,850.00. The disclosure for this sale can be found here. Insiders own 0.40% of the company’s stock.

A number of brokerages have recently commented on NDAQ. BidaskClub raised shares of Nasdaq from a “buy” rating to a “strong-buy” rating in a report on Friday. Citigroup lifted their target price on shares of Nasdaq from $88.00 to $95.00 and gave the company a “neutral” rating in a report on Monday, December 3rd. Deutsche Bank cut their target price on shares of Nasdaq from $103.00 to $97.00 and set a “buy” rating on the stock in a report on Thursday, October 11th. Zacks Investment Research raised shares of Nasdaq from a “sell” rating to a “hold” rating in a report on Thursday, October 11th. Finally, Atlantic Securities began coverage on shares of Nasdaq in a report on Wednesday, November 28th. They issued an “overweight” rating and a $105.00 target price on the stock. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $96.79.

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Nasdaq Company Profile

Nasdaq, Inc provides trading, clearing, marketplace technology, regulatory, securities listing, information, and public and private company services worldwide. The company's Market Services segment offers equity derivative trading and clearing; cash equity trading; fixed income and commodities trading and clearing; and trade management services.

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Dividend History for Nasdaq (NASDAQ:NDAQ)

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