Newmark Group, Inc. (NASDAQ:NMRK – Get Free Report) announced a quarterly dividend on Wednesday, February 18th. Shareholders of record on Friday, March 13th will be given a dividend of 0.03 per share on Friday, March 27th. This represents a c) annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Friday, March 13th.
Newmark Group has decreased its dividend payment by an average of 0.0%per year over the last three years. Newmark Group has a payout ratio of 7.0% meaning its dividend is sufficiently covered by earnings. Analysts expect Newmark Group to earn $1.67 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 7.2%.
Newmark Group Stock Performance
Shares of NASDAQ NMRK traded down $0.16 during mid-day trading on Wednesday, hitting $13.99. 779,117 shares of the company were exchanged, compared to its average volume of 1,451,075. The stock has a 50 day simple moving average of $16.22 and a 200-day simple moving average of $17.29. Newmark Group has a 1-year low of $9.65 and a 1-year high of $19.83. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.39. The firm has a market cap of $2.52 billion, a price-to-earnings ratio of 20.56 and a beta of 1.89.
Newmark Group Company Profile
Newmark Group, Inc is a publicly traded commercial real estate advisory firm headquartered in New York City. The company provides a comprehensive suite of services to real estate investors, occupiers and developers, including leasing advisory, property management, capital markets placement, loan servicing, valuation and advisory services. Newmark’s platform integrates local market expertise with national reach to support clients across diverse property types such as office, industrial, retail, multifamily and specialty assets.
Operating across two principal segments—global corporate services and capital markets & property-level services—Newmark delivers tailored solutions encompassing tenant representation, landlord leasing, investment sales, debt and equity financing, and appraisal services.
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