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

Key Points

• WisdomTree, Inc. announced a quarterly dividend of $0.03 per share, with a 1.0% yield, payable on August 27 to shareholders of record on August 13.
• The company's latest earnings report showed a net margin of 15.77% and revenue of $112.60 million, reflecting a 5.2% increase year-over-year.
• WisdomTree's dividend payout ratio stands at 16.2%, indicating that future dividends are well-supported by expected earnings.

WisdomTree, Inc. (NYSE:WT - Get Free Report) announced a quarterly dividend on Friday, August 1st, Wall Street Journal reports. Shareholders of record on Wednesday, August 13th will be paid a dividend of 0.03 per share on Wednesday, August 27th. This represents a c) dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Wednesday, August 13th.

WisdomTree has a dividend payout ratio of 16.2% indicating that its dividend is sufficiently covered by earnings. Equities 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 Price Performance

WT traded down $0.91 during trading on Friday, reaching $12.36. The stock had a trading volume of 6,047,595 shares, compared to its average volume of 1,919,915. The stock has a market cap of $1.82 billion, a PE ratio of 35.31 and a beta of 1.14. The company has a debt-to-equity ratio of 1.23, a quick ratio of 2.79 and a current ratio of 3.83. WisdomTree has a one year low of $7.47 and a one year high of $13.76. The business has a 50-day moving average of $11.39 and a 200-day moving average of $9.87.

WisdomTree (NYSE:WT - Get Free Report) last posted its earnings results on Thursday, July 31st. The company reported $0.18 earnings per share for the quarter, hitting analysts' consensus estimates of $0.18. WisdomTree had a net margin of 15.77% and a return on equity of 25.46%. The company had revenue of $112.60 million during the quarter, compared to analyst estimates of $110.66 million. During the same period in the prior year, the business posted $0.16 earnings per share. WisdomTree's revenue for the quarter was up 5.2% on a year-over-year basis. As a group, equities research analysts anticipate that WisdomTree will post 0.72 EPS for the current fiscal year.

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.

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