MarketAxess Holdings Inc. to Issue Quarterly Dividend of $0.78 (NASDAQ:MKTX)

MarketAxess Holdings Inc. (NASDAQ:MKTX) announced a quarterly dividend on Wednesday, July 15th. Investors of record on Wednesday, August 19th will be paid a dividend of 0.78 per share by the financial services provider on Wednesday, September 2nd. This represents a c) dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Wednesday, August 19th.

MarketAxess has raised its dividend payment by an average of 0.0%per year over the last three years and has increased its dividend every year for the last 2 years. MarketAxess has a dividend payout ratio of 36.7% meaning its dividend is sufficiently covered by earnings. Analysts expect MarketAxess to earn $8.75 per share next year, which means the company should continue to be able to cover its $3.12 annual dividend with an expected future payout ratio of 35.7%.

MarketAxess Price Performance

Shares of MKTX stock opened at $162.57 on Monday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.85 and a quick ratio of 1.85. The company has a market capitalization of $5.72 billion, a P/E ratio of 19.17, a P/E/G ratio of 4.12 and a beta of 0.83. The company’s 50-day simple moving average is $127.52 and its two-hundred day simple moving average is $150.94. MarketAxess has a one year low of $108.75 and a one year high of $195.96.

MarketAxess (NASDAQ:MKTX) last issued its earnings results on Thursday, July 30th. The financial services provider reported $1.95 EPS for the quarter, topping analysts’ consensus estimates of $1.85 by $0.10. The business had revenue of $218.41 million for the quarter, compared to analyst estimates of $216.70 million. MarketAxess had a net margin of 35.22% and a return on equity of 22.48%. The company’s quarterly revenue was down .5% compared to the same quarter last year. During the same period last year, the company posted $2.00 earnings per share. As a group, equities analysts anticipate that MarketAxess will post 8.05 EPS for the current year.

MarketAxess Company Profile

MarketAxess Holdings Inc operates a leading global electronic trading platform specializing in fixed-income securities and related products. The company’s network enables institutional investors and broker-dealers to trade corporate bonds, municipal securities, emerging markets debt, U.S. Treasuries and credit default swaps in an automated, multi-dealer environment. MarketAxess also offers portfolio trading, data analytics, best-execution tools and post-trade services to streamline workflows and enhance price discovery across its marketplace.

In addition to core voice-like trading protocols, MarketAxess provides Open Trading®, an anonymous, all-to-all trading protocol designed to improve liquidity and transaction efficiency.