Nasdaq, Inc. (NASDAQ:NDAQ) to Issue Quarterly Dividend of $0.31

Key Points

• Nasdaq declared a quarterly dividend of $0.31 per share, payable December 18 to shareholders of record December 4. The annualized dividend is $1.24, yielding approximately 1.2%.
• Nasdaq has increased its dividend for 14 consecutive years, with a current payout ratio of 34.8%, indicating the dividend is well covered by earnings.
• The company reported quarterly EPS of $1.04, exceeding estimates of $1.02, while revenue rose 12.6% year over year to $2.39 billion. Shares gained 7.5% to $103.30, and analysts maintained a “Moderate Buy” consensus with a $109.24 target price.

Nasdaq, Inc. (NASDAQ:NDAQ - Get Free Report) announced a quarterly dividend on Thursday, October 22nd. Shareholders of record on Friday, December 4th will be paid a dividend of $0.31 per share by the financial services provider on Friday, December 18th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Friday, December 4th.

Nasdaq has raised its dividend payment 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% meaning its dividend is sufficiently covered by earnings. Research analysts expect Nasdaq to earn $4.69 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 26.4%.

Nasdaq Trading Up 7.5%

Shares of NDAQ traded up $7.18 during trading on Thursday, reaching $103.30. 7,146,207 shares of the company traded hands, compared to its average volume of 3,788,175. The stock has a 50-day simple moving average of $94.64 and a 200-day simple moving average of $90.85. The stock has a market cap of $57.74 billion, a PE ratio of 30.12, a price-to-earnings-growth ratio of 1.71 and a beta of 0.99. Nasdaq has a twelve month low of $76.55 and a twelve month high of $103.39. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.71.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last issued its quarterly earnings data on Thursday, October 22nd. The financial services provider reported $1.04 EPS for the quarter, topping the consensus estimate of $1.02 by $0.02. The firm had revenue of $2.39 billion for the quarter, compared to analyst estimates of $1.47 billion. Nasdaq had a net margin of 22.60% and a return on equity of 18.38%. The business's revenue for the quarter was up 12.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.88 EPS. On average, analysts anticipate that Nasdaq will post 4.13 earnings per share for the current year.

Analyst Ratings Changes

NDAQ has been the subject of several research reports. Keefe, Bruyette & Woods lifted their target price on shares of Nasdaq from $92.00 to $102.00 and gave the company a "market perform" rating in a report on Friday, July 24th. Rothschild & Co Redburn decreased their price target on Nasdaq from $110.00 to $107.00 and set a "buy" rating on the stock in a research note on Thursday, September 10th. TD Cowen lowered their price target on Nasdaq from $108.00 to $107.00 and set a "buy" rating for the company in a research report on Monday, October 12th. Zacks Research lowered Nasdaq from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 21st. Finally, Wells Fargo & Company started coverage on Nasdaq in a research note on Friday, October 2nd. They issued an "equal weight" rating and a $100.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Nasdaq has an average rating of "Moderate Buy" and a consensus target price of $109.24.

Nasdaq Company Profile

Nasdaq, Inc is a global financial technology and market infrastructure company best known for operating the Nasdaq Stock Market, one of the world's largest electronic stock exchanges. The company provides listing services for public companies and operates trading venues for equities, options and other financial products. Its exchange business serves companies, investors and market participants in the United States, as well as through Nasdaq's Nordic and Baltic market operations.

Beyond its exchange activities, Nasdaq provides market data, analytics, indexes and technology used by exchanges, brokers, banks, asset managers and other financial institutions.

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