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MarketAxess Holdings Inc. (NASDAQ:MKTX) Declares $0.78 Quarterly Dividend

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Key Points

  • MarketAxess declared a quarterly dividend of $0.78 per share (record date May 20, payable June 3), equal to an annualized $3.12 and a yield of about 2.0%.
  • The dividend appears well covered with a current payout ratio of ~36.7% and an expected future payout ratio of ~34.9% based on analysts' EPS forecasts (supporting sustainability of the payout).
  • MarketAxess beat Q1 expectations with $2.25 EPS vs. $2.15 consensus and revenue of ~$233.4M (up ~12% YoY) and strong margins (~29% net), but April trading volumes and fees softened and the stock is trading below its 50- and 200-day averages, creating near-term sensitivity to market activity.
  • Interested in MarketAxess? Here are five stocks we like better.

MarketAxess Holdings Inc. (NASDAQ:MKTX - Get Free Report) declared a quarterly dividend on Thursday, May 7th. Investors of record on Wednesday, May 20th will be paid a dividend of 0.78 per share by the financial services provider on Wednesday, June 3rd. This represents a c) dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Wednesday, May 20th.

MarketAxess has increased its dividend by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 2 consecutive years. MarketAxess has a dividend payout ratio of 36.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect MarketAxess to earn $8.93 per share next year, which means the company should continue to be able to cover its $3.12 annual dividend with an expected future payout ratio of 34.9%.

MarketAxess Stock Performance

MKTX traded up $3.82 during trading hours on Thursday, hitting $152.66. The company's stock had a trading volume of 1,052,871 shares, compared to its average volume of 532,730. The company has a 50-day simple moving average of $172.71 and a 200 day simple moving average of $172.07. The company has a current ratio of 2.80, a quick ratio of 2.80 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $5.37 billion, a PE ratio of 22.92, a PEG ratio of 2.31 and a beta of 0.92. MarketAxess has a fifty-two week low of $146.00 and a fifty-two week high of $232.84.

MarketAxess (NASDAQ:MKTX - Get Free Report) last announced its quarterly earnings results on Thursday, May 7th. The financial services provider reported $2.25 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.15 by $0.10. MarketAxess had a return on equity of 20.88% and a net margin of 29.14%.The company had revenue of $233.38 million during the quarter, compared to analyst estimates of $231.91 million. During the same quarter in the previous year, the firm posted $1.87 EPS. The firm's quarterly revenue was up 11.9% on a year-over-year basis. As a group, sell-side analysts expect that MarketAxess will post 8.15 EPS for the current year.

Key Stories Impacting MarketAxess

Here are the key news stories impacting MarketAxess this week:

MarketAxess Company Profile

(Get Free Report)

MarketAxess Holdings Inc operates a leading global electronic trading platform specializing in fixed-income securities and related products. The company's network enables institutional investors and broker-dealers to trade corporate bonds, municipal securities, emerging markets debt, U.S. Treasuries and credit default swaps in an automated, multi-dealer environment. MarketAxess also offers portfolio trading, data analytics, best-execution tools and post-trade services to streamline workflows and enhance price discovery across its marketplace.

In addition to core voice-like trading protocols, MarketAxess provides Open Trading®, an anonymous, all-to-all trading protocol designed to improve liquidity and transaction efficiency.

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Dividend History for MarketAxess (NASDAQ:MKTX)

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