Nasdaq, Inc. Plans Quarterly Dividend of $0.24 (NASDAQ:NDAQ)

Nasdaq, Inc. (NASDAQ:NDAQ) declared a quarterly dividend on Wednesday, January 29th,RTT News reports. Investors of record on Friday, March 14th will be paid a dividend of 0.24 per share by the financial services provider on Friday, March 28th. This represents a $0.96 annualized dividend and a yield of 1.17%.

Nasdaq has increased its dividend by an average of 10.2% annually over the last three years and has raised its dividend every year for the last 12 years. Nasdaq has a dividend payout ratio of 26.7% meaning its dividend is sufficiently covered by earnings. Analysts expect Nasdaq to earn $3.14 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 30.6%.

Nasdaq Stock Performance

Shares of NDAQ stock opened at $81.73 on Thursday. Nasdaq has a one year low of $54.90 and a one year high of $83.77. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.95 and a current ratio of 0.95. The company has a 50 day moving average price of $79.50 and a 200 day moving average price of $74.51. The firm has a market capitalization of $46.98 billion, a price-to-earnings ratio of 48.94, a price-to-earnings-growth ratio of 2.77 and a beta of 0.98.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $0.76 EPS for the quarter, topping the consensus estimate of $0.74 by $0.02. Nasdaq had a net margin of 13.67% and a return on equity of 14.56%. Sell-side analysts anticipate that Nasdaq will post 2.81 EPS for the current year.

Insider Transactions at Nasdaq

In related news, insider Pc Nelson Griggs sold 5,742 shares of Nasdaq stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $77.34, for a total value of $444,086.28. Following the sale, the insider now directly owns 205,821 shares in the company, valued at $15,918,196.14. This trade represents a 2.71 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Jeremy Skule sold 12,075 shares of the firm’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $78.75, for a total transaction of $950,906.25. Following the transaction, the executive vice president now directly owns 102,505 shares in the company, valued at approximately $8,072,268.75. The trade was a 10.54 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 29,817 shares of company stock worth $2,330,033. 0.70% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Piper Sandler increased their price objective on shares of Nasdaq from $73.00 to $80.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th. William Blair assumed coverage on shares of Nasdaq in a research report on Monday, November 25th. They issued an “outperform” rating for the company. Morgan Stanley increased their price objective on shares of Nasdaq from $92.00 to $93.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Argus increased their price objective on shares of Nasdaq from $76.00 to $82.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Finally, Bank of America dropped their price objective on shares of Nasdaq from $90.00 to $88.00 and set a “buy” rating for the company in a research report on Thursday, October 3rd. Five equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $85.73.

Nasdaq Company Profile

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.