LPL Financial Holdings Inc. (NASDAQ:LPLA) to Issue Quarterly Dividend of $0.30

Key Points

• LPL Financial Holdings Inc. will issue a quarterly dividend of $0.30 per share, payable to shareholders of record on August 15th.
• The company's earnings per share for the last quarter exceeded estimates, reporting $4.51 against a consensus estimate of $4.45.
• LPL Financial is currently trading down 0.8%, with a market cap of $31.65 billion and a P/E ratio of 27.39.

LPL Financial Holdings Inc. (NASDAQ:LPLA - Get Free Report) announced a quarterly dividend on Thursday, July 31st, RTT News reports. Shareholders of record on Friday, August 15th will be given a dividend of 0.30 per share by the financial services provider on Friday, August 29th. This represents a c) annualized dividend and a yield of 0.3%.

LPL Financial has a payout ratio of 5.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect LPL Financial to earn $23.34 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 5.1%.

LPL Financial Trading Down 0.8%

NASDAQ LPLA traded down $3.27 during trading on Thursday, hitting $395.73. 1,267,044 shares of the company's stock traded hands, compared to its average volume of 808,962. The stock has a fifty day moving average of $377.79 and a two-hundred day moving average of $353.89. The company has a debt-to-equity ratio of 1.82, a current ratio of 2.31 and a quick ratio of 2.31. LPL Financial has a 12-month low of $187.19 and a 12-month high of $403.58. The firm has a market cap of $31.65 billion, a P/E ratio of 27.39, a PEG ratio of 0.96 and a beta of 0.64.

LPL Financial (NASDAQ:LPLA - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The financial services provider reported $4.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.45 by $0.06. LPL Financial had a net margin of 8.23% and a return on equity of 46.34%. As a group, sell-side analysts expect that LPL Financial will post 19.35 EPS for the current year.

LPL Financial Company Profile

LPL Financial Holdings Inc, together with its subsidiaries, provides an integrated platform of brokerage and investment advisory services to independent financial advisors and financial advisors at enterprises in the United States. Its brokerage offerings include variable and fixed annuities, mutual funds, equities, fixed income, alternative investments, retirement and 529 education savings plans, and insurance.

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