Nasdaq, Inc. (NDAQ) to Issue Quarterly Dividend of $0.31 on September 25th

Nasdaq, Inc. (NASDAQ:NDAQ) declared a quarterly dividend on Thursday, July 23rd. Stockholders of record on Friday, September 11th will be paid a dividend of 0.31 per share by the financial services provider on Friday, September 25th. This represents a c) dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, September 11th.

Nasdaq has increased its dividend by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 14 years. Nasdaq has a dividend payout ratio of 34.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Nasdaq to earn $4.45 per share next year, which means the company should continue to be able to cover its $1.24 annual dividend with an expected future payout ratio of 27.9%.

Nasdaq Stock Up 1.8%

NDAQ stock opened at $92.09 on Friday. The company has a market capitalization of $52.08 billion, a price-to-earnings ratio of 26.85, a price-to-earnings-growth ratio of 1.44 and a beta of 0.99. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.71. Nasdaq has a 52 week low of $76.55 and a 52 week high of $101.79. The firm’s 50-day moving average is $87.43 and its two-hundred day moving average is $88.52.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings results on Thursday, July 23rd. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.09. Nasdaq had a return on equity of 18.38% and a net margin of 22.60%.The firm had revenue of $2.53 billion during the quarter, compared to analyst estimates of $1.46 billion. During the same period last year, the company posted $0.85 EPS. The firm’s quarterly revenue was up 14.9% on a year-over-year basis. On average, analysts forecast that Nasdaq will post 3.93 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

NDAQ has been the topic of several recent research reports. Keefe, Bruyette & Woods lifted their price target on shares of Nasdaq from $92.00 to $102.00 and gave the stock a “market perform” rating in a research report on Friday. Loop Capital set a $113.00 price objective on shares of Nasdaq in a research note on Friday, April 24th. Rothschild & Co Redburn set a $110.00 target price on Nasdaq in a research note on Thursday, June 11th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Nasdaq in a research note on Monday. Finally, TD Cowen reaffirmed a “buy” rating and issued a $105.00 price objective (up from $101.00) on shares of Nasdaq in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, Nasdaq presently has a consensus rating of “Buy” and a consensus target price of $109.73.

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.