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

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) declared a quarterly dividend on Friday, August 1st, Wall Street Journal reports. Investors of record on Wednesday, August 13th will be paid a dividend of 0.03 per share on Wednesday, August 27th. This represents a c) annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Wednesday, August 13th.

WisdomTree has a payout ratio of 16.2% meaning 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 Trading Down 0.1%

NYSE WT traded down $0.01 during trading on Tuesday, hitting $12.72. The company had a trading volume of 674,956 shares, compared to its average volume of 1,922,976. The company has a current ratio of 1.44, a quick ratio of 1.04 and a debt-to-equity ratio of 0.82. The company has a market cap of $1.87 billion, a price-to-earnings ratio of 32.65 and a beta of 1.16. The company's fifty day moving average is $11.52 and its 200-day moving average is $9.91. WisdomTree has a one year low of $7.47 and a one year high of $13.76.

WisdomTree (NYSE:WT - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.18 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.18. WisdomTree had a return on equity of 25.17% and a net margin of 16.25%. The firm had revenue of $112.60 million for the quarter, compared to the consensus estimate of $110.66 million. During the same period last year, the business posted $0.16 EPS. The company's revenue for the quarter was up 5.2% on a year-over-year basis. On average, sell-side analysts predict that WisdomTree will post 0.72 earnings per share for the current year.

Analysts Set New Price Targets

WT has been the topic of a number of recent analyst reports. Morgan Stanley increased their target price on WisdomTree from $9.75 to $11.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 2nd. Northcoast Research raised shares of WisdomTree from a "neutral" rating to a "buy" rating and set a $15.00 target price for the company in a report on Wednesday, July 2nd. The Goldman Sachs Group raised shares of WisdomTree from a "sell" rating to a "neutral" rating and boosted their target price for the stock from $9.50 to $11.90 in a research note on Friday, June 27th. Finally, Oppenheimer raised their target price on WisdomTree from $12.00 to $15.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 22nd. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, WisdomTree currently has a consensus rating of "Moderate Buy" and an average target price of $12.90.

WisdomTree Company Profile

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.