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

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. Stockholders of record on Thursday, August 14th will be paid a dividend of 0.03 per share on Friday, August 29th. This represents a c) dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Thursday, August 14th.

Newmark Group has a dividend payout ratio of 7.0% indicating that 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 Up 1.9%

NASDAQ NMRK traded up $0.29 during trading hours on Monday, reaching $15.41. 163,805 shares of the company's stock were exchanged, compared to its average volume of 1,145,012. 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 quick ratio of 0.47 and a current ratio of 0.47. The company's 50-day moving average is $12.20 and its two-hundred day moving average is $12.33. The company has a market capitalization of $2.84 billion, a price-to-earnings ratio of 36.71 and a beta of 2.04.

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, topping the consensus estimate of $0.26 by $0.05. The firm had revenue of $759.10 million for the quarter, compared to analysts' expectations of $695.24 million. Newmark Group had a return on equity of 22.71% and a net margin of 2.51%. The company's quarterly revenue was up 19.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.22 EPS. On average, analysts forecast that Newmark Group will post 1.45 EPS for the current fiscal year.

About Newmark Group

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.