Nasdaq, Inc. Plans Quarterly Dividend of $0.27 (NASDAQ:NDAQ)

Key Points

• Nasdaq, Inc. has declared a quarterly dividend of $0.27 per share, payable on December 19th to stockholders of record as of December 5th, representing a yield of 1.2%.
• In its latest earnings report, Nasdaq beat expectations with $0.88 earnings per share, surpassing the consensus estimate of $0.82, and reported a total revenue of $1.32 billion for the quarter.
• Analysts show strong support for Nasdaq shares, with fifteen rating it as a "Buy" and updates from firms like Raymond James and Deutsche Bank increasing target prices, suggesting positive market sentiment.

Nasdaq, Inc. (NASDAQ:NDAQ - Get Free Report) declared a quarterly dividend on Tuesday, October 21st. Stockholders of record on Friday, December 5th will be given a dividend of 0.27 per share by the financial services provider on Friday, December 19th. This represents a c) annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Friday, December 5th.

Nasdaq has a dividend payout ratio of 30.3% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Nasdaq to earn $3.61 per share next year, which means the company should continue to be able to cover its $1.08 annual dividend with an expected future payout ratio of 29.9%.

Nasdaq Price Performance

NASDAQ:NDAQ traded up $1.47 during midday trading on Tuesday, hitting $90.33. 4,338,759 shares of the stock were exchanged, compared to its average volume of 3,354,723. The business has a 50-day moving average price of $91.76 and a two-hundred day moving average price of $86.62. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $51.83 billion, a price-to-earnings ratio of 34.74, a P/E/G ratio of 1.98 and a beta of 0.98. Nasdaq has a one year low of $64.84 and a one year high of $97.63.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last issued its quarterly earnings results on Tuesday, October 21st. The financial services provider reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.06. The company had revenue of $1.32 billion for the quarter, compared to analysts' expectations of $1.29 billion. Nasdaq had a return on equity of 15.90% and a net margin of 18.59%.The firm's revenue for the quarter was up 14.7% on a year-over-year basis. During the same period last year, the firm earned $0.74 EPS. Sell-side analysts predict that Nasdaq will post 3.18 EPS for the current year.

Analysts Set New Price Targets

NDAQ has been the subject of several analyst reports. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Nasdaq in a report on Friday, July 25th. Raymond James Financial reiterated an "outperform" rating and set a $100.00 price objective (up from $99.00) on shares of Nasdaq in a research report on Monday, October 13th. Deutsche Bank Aktiengesellschaft increased their target price on Nasdaq from $97.00 to $105.00 and gave the company a "buy" rating in a report on Friday, July 25th. Citigroup reiterated a "neutral" rating on shares of Nasdaq in a report on Wednesday, July 9th. Finally, Weiss Ratings restated a "buy (b-)" rating on shares of Nasdaq in a research report on Tuesday, October 14th. Fifteen analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $97.50.

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.

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