Nasdaq Inc (NASDAQ:NDAQ) declared a quarterly dividend on Wednesday, October 24th, RTT News reports. Stockholders of record on Friday, December 14th will be given a dividend of 0.44 per share by the financial services provider on Friday, December 28th. This represents a $1.76 annualized dividend and a dividend yield of 2.01%. The ex-dividend date is Thursday, December 13th.
Nasdaq has raised its dividend payment by an average of 36.0% annually over the last three years and has raised its dividend every year for the last 5 years. Nasdaq has a payout ratio of 36.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Nasdaq to earn $5.11 per share next year, which means the company should continue to be able to cover its $1.76 annual dividend with an expected future payout ratio of 34.4%.
NASDAQ NDAQ opened at $87.36 on Friday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.55. Nasdaq has a one year low of $72.98 and a one year high of $96.84. The company has a market capitalization of $14.74 billion, a PE ratio of 19.46, a price-to-earnings-growth ratio of 1.97 and a beta of 0.50.
NDAQ has been the subject of several recent research reports. ValuEngine raised shares of Nasdaq from a “hold” rating to a “buy” rating in a research note on Friday, October 26th. Zacks Investment Research raised shares of Nasdaq from a “sell” rating to a “buy” rating and set a $101.00 price objective for the company in a research note on Tuesday, September 25th. Deutsche Bank lowered their price objective on shares of Nasdaq from $103.00 to $97.00 and set a “buy” rating for the company in a research note on Thursday, October 11th. BidaskClub raised shares of Nasdaq from a “hold” rating to a “buy” rating in a research note on Thursday, November 1st. Finally, Citigroup lowered their price objective on shares of Nasdaq from $95.00 to $93.00 and set a “neutral” rating for the company in a research note on Thursday, October 11th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $96.79.
In related news, Director Lars Wedenborn sold 2,500 shares of Nasdaq stock in a transaction that occurred on Wednesday, November 28th. The shares were sold at an average price of $89.94, for a total value of $224,850.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Ann M. Dennison sold 1,553 shares of Nasdaq stock in a transaction that occurred on Monday, October 29th. The stock was sold at an average price of $83.67, for a total transaction of $129,939.51. The disclosure for this sale can be found here. 0.40% of the stock is owned by insiders.
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Nasdaq Company Profile
Nasdaq, Inc provides trading, clearing, marketplace technology, regulatory, securities listing, information, and public and private company services worldwide. The company's Market Services segment offers equity derivative trading and clearing; cash equity trading; fixed income and commodities trading and clearing; and trade management services.
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