Newmark Group, Inc. Plans Quarterly Dividend of $0.03 (NASDAQ:NMRK)

Key Points

• Newmark Group, Inc. has announced a quarterly dividend of $0.03 per share, with an ex-dividend date of August 14th and a payment date of August 29th, reflecting a 0.8% annualized yield.
• The company reported earnings of $0.31 per share for the most recent quarter, exceeding analysts' expectations, with revenue of $759.10 million, up 19.9% compared to the previous year.
• Newmark Group has a low payout ratio of 7.0%, indicating that it can comfortably cover its dividends with its earnings, with future earnings expected to sustain this payout level.

Newmark Group, Inc. (NASDAQ:NMRK - Get Free Report) announced a quarterly dividend on Tuesday, July 29th, NASDAQ Dividends reports. Investors of record on Thursday, August 14th will be given a dividend of 0.03 per share on Friday, August 29th. This represents a c) annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Thursday, August 14th.

Newmark Group has a payout ratio of 7.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Newmark Group to earn $1.67 per share next year, which means the company should continue to be able to cover its $0.12 annual dividend with an expected future payout ratio of 7.2%.

Newmark Group Stock Performance

Shares of NASDAQ NMRK traded up $0.27 during trading hours on Thursday, hitting $15.17. 2,354,835 shares of the stock were exchanged, compared to its average volume of 1,145,587. The firm has a market capitalization of $2.80 billion, a P/E ratio of 38.90 and a beta of 1.93. Newmark Group has a one year low of $9.65 and a one year high of $16.10. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.47 and a quick ratio of 0.47. The company's 50 day moving average is $12.01 and its 200 day moving average is $12.30.

Newmark Group (NASDAQ:NMRK - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.05. The company had revenue of $759.10 million during the quarter, compared to analysts' expectations of $695.24 million. Newmark Group had a return on equity of 21.85% and a net margin of 2.39%. Newmark Group's revenue for the quarter was up 19.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.22 earnings per share. On average, research analysts expect that Newmark Group will post 1.45 EPS for the current year.

Newmark Group Company Profile

Newmark Group, Inc provides commercial real estate services in the United States, the United Kingdom, and internationally. The company offers capital markets consisting of investment sales and commercial mortgage brokerage; landlord or agency representation leasing; valuation and advisory; property management; commercial real estate technology platform and capabilities; the United Kingdom business rates services; due diligence, consulting, and other advisory services; GSEs and the Federal Housing Administration lending services comprising multifamily lending and loan servicing; asset management; and flexible workspace solutions for owners.

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