Nasdaq, Inc. (NASDAQ:NDAQ) Declares $0.24 Quarterly Dividend

Nasdaq, Inc. (NASDAQ:NDAQ) announced a quarterly dividend on Thursday, October 24th, RTT News reports. Shareholders of record on Friday, December 6th will be paid a dividend of 0.24 per share by the financial services provider on Friday, December 20th. This represents a $0.96 annualized dividend and a dividend yield of 1.30%.

Nasdaq has raised its dividend payment by an average of 10.0% per year over the last three years and has increased its dividend annually for the last 13 consecutive years. Nasdaq has a payout ratio of 30.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Nasdaq to earn $3.10 per share next year, which means the company should continue to be able to cover its $0.96 annual dividend with an expected future payout ratio of 31.0%.

Nasdaq Trading Down 0.5 %

Shares of NASDAQ NDAQ opened at $73.91 on Thursday. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.94 and a quick ratio of 0.94. The stock has a market capitalization of $42.51 billion, a P/E ratio of 38.90, a price-to-earnings-growth ratio of 2.99 and a beta of 0.95. Nasdaq has a 1-year low of $47.56 and a 1-year high of $74.93. The business has a fifty day moving average price of $72.35 and a 200 day moving average price of $65.53.

Nasdaq (NASDAQ:NDAQ) last released its quarterly earnings results on Thursday, July 25th. The financial services provider reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.05. Nasdaq had a return on equity of 15.45% and a net margin of 14.43%. The company had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.13 billion. During the same period last year, the business posted $0.71 earnings per share. The firm’s revenue was up 25.3% compared to the same quarter last year. Equities research analysts expect that Nasdaq will post 2.75 EPS for the current fiscal year.

Insider Buying and Selling at Nasdaq

In other Nasdaq news, major shareholder Seller Lp Argus sold 42,804,207 shares of the stock in a transaction on Monday, July 29th. The shares were sold at an average price of $64.58, for a total transaction of $2,764,295,688.06. Following the transaction, the insider now directly owns 42,804,207 shares of the company’s stock, valued at $2,764,295,688.06. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.70% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on NDAQ shares. Deutsche Bank Aktiengesellschaft upped their price target on shares of Nasdaq from $66.00 to $72.00 and gave the company a “hold” rating in a research note on Thursday, August 15th. Royal Bank of Canada restated an “outperform” rating and set a $88.00 price target on shares of Nasdaq in a research note on Tuesday, October 8th. Barclays upped their price target on shares of Nasdaq from $77.00 to $84.00 and gave the company an “overweight” rating in a research note on Monday, October 7th. Morgan Stanley upped their price target on shares of Nasdaq from $85.00 to $92.00 and gave the company an “overweight” rating in a research note on Thursday, October 17th. Finally, UBS Group increased their price objective on shares of Nasdaq from $73.00 to $79.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 8th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $79.07.

Nasdaq Company Profile

Nasdaq, Inc operates as a technology company that serves capital markets and other industries worldwide. It operates in three segments: Capital Access Platforms, Financial Technology, and Market Services. The Capital Access Platforms segment sells and distributes historical and real-time market data; and develops and licenses Nasdaq-branded indices and financial products.