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

WisdomTree, Inc. (NYSE:WTGet Free Report) declared a quarterly dividend on Friday, May 1st. Shareholders of record on Wednesday, May 13th will be paid a dividend of 0.03 per share on Wednesday, May 27th. This represents a c) dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Wednesday, May 13th.

WisdomTree has a payout ratio of 16.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect WisdomTree to earn $1.19 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 10.1%.

WisdomTree Price Performance

NYSE WT traded down $0.43 during trading hours on Friday, reaching $16.57. The company’s stock had a trading volume of 3,810,282 shares, compared to its average volume of 3,780,497. The company has a debt-to-equity ratio of 1.94, a current ratio of 1.75 and a quick ratio of 1.37. The firm has a market capitalization of $2.35 billion, a price-to-earnings ratio of 22.10 and a beta of 1.11. The company’s 50-day moving average is $15.91 and its two-hundred day moving average is $14.12. WisdomTree has a 1-year low of $8.45 and a 1-year high of $18.78.

WisdomTree (NYSE:WTGet Free Report) last announced its earnings results on Friday, May 1st. The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.02. The firm had revenue of $159.50 million for the quarter, compared to analyst estimates of $156.96 million. WisdomTree had a return on equity of 30.24% and a net margin of 22.10%.The business’s revenue was up 47.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.16 EPS. On average, equities analysts predict that WisdomTree will post 1.05 EPS for the current year.

About WisdomTree

(Get Free Report)

WisdomTree Investments, Inc (NYSE: WT) is a U.S.-based asset management firm specializing in exchange-traded funds (ETFs) and exchange-traded products (ETPs). Founded in 2006 by Jonathan Steinberg and headquartered in New York City, WisdomTree has developed a reputation for pioneering smart-beta and fundamentally weighted indexing approaches. The company designs strategies that seek to enhance returns and reduce volatility by weighting constituents based on dividends, earnings or other financial metrics rather than relying solely on market capitalization.

WisdomTree offers a broad suite of investment products covering equities, fixed income, currencies, commodities and digital assets.

See Also

Dividend History for WisdomTree (NYSE:WT)

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