WisdomTree, Inc. Announces Quarterly Dividend of $0.03 (NYSE:WT)

WisdomTree, Inc. (NYSE:WT) declared a quarterly dividend on Monday, May 5th, Wall Street Journal reports. Shareholders of record on Wednesday, May 14th will be paid a dividend of 0.03 per share on Wednesday, May 28th. This represents a $0.12 annualized dividend and a yield of 1.27%. The ex-dividend date is Wednesday, May 14th.

WisdomTree has a dividend payout ratio of 16.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect WisdomTree to earn $0.79 per share next year, which means the company should continue to be able to cover its $0.12 annual dividend with an expected future payout ratio of 15.2%.

WisdomTree Stock Performance

Shares of WT opened at $9.43 on Monday. The stock has a market capitalization of $1.39 billion, a PE ratio of 30.42 and a beta of 1.07. WisdomTree has a 12-month low of $7.47 and a 12-month high of $12.45. The business’s fifty day moving average price is $8.62 and its 200 day moving average price is $9.77. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.92 and a quick ratio of 2.13.

WisdomTree (NYSE:WT) last released its quarterly earnings data on Friday, May 2nd. The company reported $0.16 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.16. WisdomTree had a net margin of 15.59% and a return on equity of 24.67%. The business had revenue of $108.08 million for the quarter, compared to analysts’ expectations of $108.47 million. During the same quarter last year, the company earned $0.12 EPS. The company’s revenue for the quarter was up 11.7% compared to the same quarter last year. Equities research analysts forecast that WisdomTree will post 0.72 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on WT shares. Keefe, Bruyette & Woods dropped their price target on WisdomTree from $12.00 to $10.50 and set a “market perform” rating on the stock in a research note on Tuesday, January 14th. The Goldman Sachs Group decreased their target price on WisdomTree from $9.75 to $8.50 and set a “sell” rating for the company in a research report on Monday, April 14th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $12.42.

About WisdomTree

WisdomTree, Inc, through its subsidiaries, operates as an exchange-traded funds (ETFs) sponsor and asset manager. It offers ETFs in equities, currency, fixed income, and alternatives asset classes. The company also licenses its indexes to third parties for proprietary products, as well as offers a platform to promote the use of WisdomTree ETFs in 401(k) plans.