WisdomTree, Inc. (WT) to Distribute Quarterly Dividend of $0.03 on August 26th

WisdomTree, Inc. (NYSE:WTGet Free Report) announced a quarterly dividend on Friday, July 31st. Shareholders of record on Wednesday, August 12th will be given a dividend of 0.03 per share on Wednesday, August 26th. This represents a c) annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Wednesday, August 12th.

WisdomTree has a dividend payout ratio of 16.2% indicating that its dividend is sufficiently covered by earnings. Analysts expect WisdomTree to earn $1.27 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 9.4%.

WisdomTree Price Performance

Shares of NYSE WT opened at $19.31 on Friday. The company has a debt-to-equity ratio of 2.37, a current ratio of 4.57 and a quick ratio of 4.18. The stock has a market capitalization of $2.95 billion, a price-to-earnings ratio of 37.14 and a beta of 1.18. The firm’s 50 day simple moving average is $18.66 and its 200-day simple moving average is $17.16. WisdomTree has a 12 month low of $10.69 and a 12 month high of $21.23.

WisdomTree (NYSE:WTGet Free Report) last posted its earnings results on Friday, July 31st. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.05. WisdomTree had a net margin of 11.26% and a return on equity of 33.31%. The firm had revenue of $177.20 million during the quarter, compared to analysts’ expectations of $170.62 million. During the same period in the previous year, the business posted $0.18 EPS. The business’s revenue was up 57.3% compared to the same quarter last year. Analysts expect that WisdomTree will post 1.14 EPS for the current year.

WisdomTree Company Profile

(Get Free Report)

WisdomTree Investments, Inc (NYSE: WT) is a U.S.-based asset management firm specializing in exchange-traded funds (ETFs) and exchange-traded products (ETPs). Founded in 2006 by Jonathan Steinberg and headquartered in New York City, WisdomTree has developed a reputation for pioneering smart-beta and fundamentally weighted indexing approaches. The company designs strategies that seek to enhance returns and reduce volatility by weighting constituents based on dividends, earnings or other financial metrics rather than relying solely on market capitalization.

WisdomTree offers a broad suite of investment products covering equities, fixed income, currencies, commodities and digital assets.

See Also

Dividend History for WisdomTree (NYSE:WT)

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