Newmark Group, Inc. (NASDAQ:NMRK) to Issue Dividend Increase – $0.06 Per Share

Newmark Group, Inc. (NASDAQ:NMRK) declared a quarterly dividend on Wednesday, April 29th. Shareholders of record on Thursday, May 14th will be paid a dividend of 0.06 per share on Friday, May 29th. This represents a c) annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Thursday, May 14th. This is a 100.0% increase from Newmark Group’s previous quarterly dividend of $0.03.

Newmark Group has decreased its dividend by an average of 0.0%annually over the last three years. Newmark Group has a dividend payout ratio of 14.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect Newmark Group to earn $2.02 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 11.9%.

Newmark Group Stock Down 1.2%

Shares of NASDAQ:NMRK opened at $16.53 on Tuesday. Newmark Group has a 1 year low of $10.20 and a 1 year high of $19.83. The business has a 50 day simple moving average of $15.23 and a two-hundred day simple moving average of $16.39. The firm has a market capitalization of $3.05 billion, a PE ratio of 20.41 and a beta of 1.76. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.51 and a quick ratio of 0.51.

Newmark Group (NASDAQ:NMRK) last announced its earnings results on Friday, May 8th. The company reported $0.08 earnings per share (EPS) for the quarter. Newmark Group had a return on equity of 26.46% and a net margin of 4.30%.The business had revenue of $846.52 million during the quarter. On average, equities analysts predict that Newmark Group will post 1.91 EPS for the current year.

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.