WisdomTree, Inc. (NYSE:WT) Plans Quarterly Dividend of $0.03

WisdomTree, Inc. (NYSE:WT - Get Free Report) declared a quarterly dividend on Monday, May 5th, Wall Street Journal reports. Stockholders of record on Wednesday, May 14th will be given a dividend of 0.03 per share on Wednesday, May 28th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date is Wednesday, May 14th.

WisdomTree has a payout ratio of 16.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect WisdomTree to earn $0.79 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 15.2%.

WisdomTree Stock Performance

Shares of NYSE WT traded up $0.05 during trading hours on Friday, hitting $9.43. 1,514,700 shares of the stock were exchanged, compared to its average volume of 1,551,005. WisdomTree has a one year low of $7.47 and a one year high of $12.45. The company's 50 day moving average is $8.62 and its 200 day moving average is $9.77. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.92 and a quick ratio of 2.13. The firm has a market capitalization of $1.39 billion, a P/E ratio of 30.42 and a beta of 1.07.

WisdomTree (NYSE:WT - Get Free Report) last released its quarterly earnings results on Friday, May 2nd. The company reported $0.16 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.16. The company had revenue of $108.08 million during the quarter, compared to analysts' expectations of $108.47 million. WisdomTree had a net margin of 15.59% and a return on equity of 24.67%. The business's quarterly revenue was up 11.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.12 earnings per share. On average, research analysts expect that WisdomTree will post 0.72 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have commented on WT shares. Keefe, Bruyette & Woods dropped their price target on WisdomTree from $12.00 to $10.50 and set a "market perform" rating on the stock in a research report on Tuesday, January 14th. The Goldman Sachs Group dropped their target price on shares of WisdomTree from $9.75 to $8.50 and set a "sell" rating on the stock in a research report on Monday, April 14th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $12.42.

About WisdomTree

WisdomTree, Inc, through its subsidiaries, operates as an exchange-traded funds (ETFs) sponsor and asset manager. It offers ETFs in equities, currency, fixed income, and alternatives asset classes. The company also licenses its indexes to third parties for proprietary products, as well as offers a platform to promote the use of WisdomTree ETFs in 401(k) plans.