MarketAxess Holdings Inc. (NASDAQ:MKTX) to Issue Quarterly Dividend of $0.76

Key Points

• MarketAxess Holdings Inc. has declared a quarterly dividend of $0.76 per share, which will be paid on September 3rd to investors of record on August 20th, reflecting an annualized yield of 1.6%.
• The company reported $2.00 earnings per share for the last quarter, exceeding analysts' expectations, along with a revenue of $219.46 million, which was also above projections.
• MarketAxess has a payout ratio of 35.7%, indicating strong coverage of its dividend by earnings, with future estimates projecting $8.72 earnings per share for the upcoming year.

MarketAxess Holdings Inc. (NASDAQ:MKTX - Get Free Report) declared a quarterly dividend on Thursday, August 7th, Wall Street Journal reports. Investors of record on Wednesday, August 20th will be paid a dividend of 0.76 per share by the financial services provider on Wednesday, September 3rd. This represents a c) dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Wednesday, August 20th.

MarketAxess has a payout ratio of 35.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect MarketAxess to earn $8.72 per share next year, which means the company should continue to be able to cover its $3.04 annual dividend with an expected future payout ratio of 34.9%.

MarketAxess Stock Performance

MKTX traded down $2.37 during trading hours on Thursday, reaching $184.43. The company's stock had a trading volume of 1,348,686 shares, compared to its average volume of 588,739. MarketAxess has a 52 week low of $182.99 and a 52 week high of $296.68. The firm has a market cap of $6.92 billion, a PE ratio of 32.07, a price-to-earnings-growth ratio of 2.74 and a beta of 0.84. The company's 50-day moving average is $216.77 and its 200-day moving average is $214.05.

MarketAxess (NASDAQ:MKTX - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The financial services provider reported $2.00 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.94 by $0.06. The firm had revenue of $219.46 million for the quarter, compared to analysts' expectations of $218.05 million. MarketAxess had a return on equity of 19.93% and a net margin of 26.57%. The company's revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.72 EPS. Equities analysts anticipate that MarketAxess will post 7.79 earnings per share for the current fiscal year.

MarketAxess Company Profile

MarketAxess Holdings Inc, together with its subsidiaries, operates an electronic trading platform for institutional investor and broker-dealer companies worldwide. The company offers trading technology that provides liquidity access in U.S. high-grade bonds, U.S. high-yield bonds, emerging market debt, eurobonds, municipal bonds, U.S.

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