Nasdaq, Inc. (NASDAQ:NDAQ – Get Free Report) announced a quarterly dividend on Thursday, October 24th, RTT News reports. Stockholders of record on Friday, December 6th will be given a dividend of 0.24 per share by the financial services provider on Friday, December 20th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date of this dividend is Friday, December 6th.
Nasdaq has raised its dividend payment by an average of 10.0% per year over the last three years and has increased its dividend every year for the last 13 years. Nasdaq has a payout ratio of 30.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Nasdaq to earn $3.10 per share next year, which means the company should continue to be able to cover its $0.96 annual dividend with an expected future payout ratio of 31.0%.
Nasdaq Trading Up 1.8 %
NASDAQ:NDAQ opened at $75.24 on Friday. The stock has a fifty day moving average price of $72.46 and a 200 day moving average price of $65.60. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.85. Nasdaq has a 12-month low of $47.56 and a 12-month high of $75.58. The firm has a market cap of $43.33 billion, a PE ratio of 43.24, a price-to-earnings-growth ratio of 3.09 and a beta of 0.95.
Wall Street Analyst Weigh In
Several equities research analysts have recently issued reports on the stock. UBS Group lifted their price objective on shares of Nasdaq from $73.00 to $79.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 8th. Raymond James raised Nasdaq from a “market perform” rating to an “outperform” rating and set a $82.00 price target for the company in a report on Monday, October 14th. Deutsche Bank Aktiengesellschaft upped their price objective on Nasdaq from $66.00 to $72.00 and gave the stock a “hold” rating in a research report on Thursday, August 15th. Bank of America cut their target price on Nasdaq from $90.00 to $88.00 and set a “buy” rating on the stock in a research report on Thursday, October 3rd. Finally, Oppenheimer upped their price target on Nasdaq from $80.00 to $84.00 and gave the company an “outperform” rating in a report on Monday, October 14th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $79.07.
Get Our Latest Research Report on Nasdaq
Insiders Place Their Bets
In other Nasdaq news, major shareholder Seller Lp Argus sold 42,804,207 shares of the company’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $64.58, for a total transaction of $2,764,295,688.06. Following the completion of the sale, the insider now directly owns 42,804,207 shares of the company’s stock, valued at $2,764,295,688.06. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.70% of the stock is currently owned by insiders.
About Nasdaq
Nasdaq, Inc operates as a technology company that serves capital markets and other industries worldwide. It operates in three segments: Capital Access Platforms, Financial Technology, and Market Services. The Capital Access Platforms segment sells and distributes historical and real-time market data; and develops and licenses Nasdaq-branded indices and financial products.
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