Virtu Financial, Inc. (NYSE:VIRT) Plans Quarterly Dividend of $0.24

Virtu Financial, Inc. (NYSE:VIRT) declared a quarterly dividend on Thursday, November 5th. Shareholders of record on Tuesday, December 1st will be paid a dividend of $0.24 per share on Tuesday, December 15th. This represents a $0.96 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Tuesday, December 1st.

Virtu Financial has a payout ratio of 23.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect Virtu Financial to earn $6.31 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 15.2%.

Virtu Financial Stock Up 1.8%

Shares of NYSE VIRT opened at $53.99 on Friday. The firm has a 50 day moving average price of $57.88 and a 200 day moving average price of $52.34. The stock has a market cap of $8.38 billion, a P/E ratio of 8.88, a P/E/G ratio of 0.39 and a beta of 0.67. Virtu Financial has a 52-week low of $31.55 and a 52-week high of $68.76. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.45 and a current ratio of 0.45.

Virtu Financial (NYSE:VIRT) last issued its quarterly earnings data on Thursday, November 5th. The company reported $1.77 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.25. The business had revenue of $956.39 million for the quarter, compared to analyst estimates of $647.02 million. Virtu Financial had a net margin of 13.50% and a return on equity of 49.06%. The firm’s quarterly revenue was up 147.1% on a year-over-year basis. During the same period last year, the business posted $1.05 earnings per share. Analysts expect that Virtu Financial will post 6.46 EPS for the current year.

About Virtu Financial

Virtu Financial, Inc is a global financial services company that provides liquidity, trading, and technology solutions to the financial markets. Through its market-making business, Virtu facilitates trading in a broad range of products, including equities, exchange-traded funds, options, fixed income, foreign exchange, commodities, and certain digital assets.

The company also operates an execution services business that provides trading and workflow technology to institutional investors, asset managers, broker-dealers, and other financial institutions.