Nasdaq, Inc. (NDAQ) to Issue Quarterly Dividend of $0.31 on December 18th

Nasdaq, Inc. (NASDAQ:NDAQ) announced a quarterly dividend on Thursday, October 22nd. Stockholders of record on Friday, December 4th will be paid a dividend of $0.31 per share by the financial services provider on Friday, December 18th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, December 4th.

Nasdaq has increased its dividend payment by an average of 0.1% per year over the last three years and has increased its dividend annually for the last 14 consecutive years. Nasdaq has a dividend payout ratio of 34.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Nasdaq to earn $4.69 per share next year, which means the company should continue to be able to cover its $1.24 annual dividend with an expected future payout ratio of 26.4%.

Nasdaq Stock Performance

NDAQ opened at $102.56 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.00 and a debt-to-equity ratio of 0.71. The firm has a market cap of $57.33 billion, a PE ratio of 28.02, a P/E/G ratio of 1.86 and a beta of 0.99. The business has a fifty day simple moving average of $94.86 and a 200-day simple moving average of $91.05. Nasdaq has a fifty-two week low of $76.55 and a fifty-two week high of $104.21.

Nasdaq (NASDAQ:NDAQ) last announced its earnings results on Thursday, October 22nd. The financial services provider reported $1.04 EPS for the quarter, beating the consensus estimate of $1.02 by $0.02. Nasdaq had a return on equity of 19.03% and a net margin of 22.81%. The business had revenue of $2.39 billion during the quarter, compared to the consensus estimate of $1.47 billion. During the same period in the prior year, the business posted $0.88 earnings per share. Nasdaq’s revenue was up 12.6% compared to the same quarter last year. As a group, equities analysts predict that Nasdaq will post 4.13 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

NDAQ has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $118.00 price objective on shares of Nasdaq in a research note on Friday. JPMorgan Chase & Co. raised their target price on Nasdaq from $120.00 to $122.00 and gave the company an “overweight” rating in a report on Friday. The Goldman Sachs Group boosted their price target on Nasdaq from $109.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday. Zacks Research downgraded Nasdaq from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 21st. Finally, Argus increased their price objective on Nasdaq from $103.00 to $111.00 in a report on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $113.53.

Nasdaq Company Profile

Nasdaq, Inc is a global financial technology and market infrastructure company best known for operating the Nasdaq Stock Market, one of the world’s largest electronic stock exchanges. The company provides listing services for public companies and operates trading venues for equities, options and other financial products. Its exchange business serves companies, investors and market participants in the United States, as well as through Nasdaq’s Nordic and Baltic market operations.

Beyond its exchange activities, Nasdaq provides market data, analytics, indexes and technology used by exchanges, brokers, banks, asset managers and other financial institutions.