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

WisdomTree, Inc. (NYSE:WT) announced a quarterly dividend on Wednesday, October 28th. Investors of record on Wednesday, November 11th will be given a dividend of $0.03 per share on Wednesday, November 25th. This represents a $0.12 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Tuesday, November 10th.

WisdomTree has a payout ratio of 16.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect WisdomTree to earn $1.32 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 9.1%.

WisdomTree Stock Performance

Shares of NYSE WT opened at $19.46 on Friday. The business’s 50-day moving average price is $22.66 and its two-hundred day moving average price is $19.17. The company has a debt-to-equity ratio of 2.38, a current ratio of 3.54 and a quick ratio of 3.20. WisdomTree has a one year low of $10.69 and a one year high of $25.91. The company has a market capitalization of $2.95 billion, a P/E ratio of 27.40 and a beta of 1.18.

WisdomTree (NYSE:WT) last issued its earnings results on Friday, October 30th. The company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.02. WisdomTree had a return on equity of 40.93% and a net margin of 16.64%. The company had revenue of $179.38 million for the quarter, compared to analyst estimates of $180.68 million. During the same period in the prior year, the firm posted $0.23 EPS. The business’s revenue was up 42.8% compared to the same quarter last year. Analysts anticipate that WisdomTree will post 1.19 earnings per share for the current fiscal year.

WisdomTree Company Profile

WisdomTree, Inc is a financial services company that sponsors and manages exchange-traded funds (ETFs) and exchange-traded products. Its offerings provide access to equities, fixed income, currencies, commodities, alternatives and other asset classes through rules-based investment strategies designed for individual and institutional investors.

The company also provides model portfolios, separately managed accounts and other investment solutions for financial professionals. In addition, WisdomTree has developed products and capabilities related to digital assets and blockchain-enabled financial services, subject to applicable regulatory requirements.

Founded in 1985 and formerly known as WisdomTree Investments, the company launched its first ETFs in 2006 and became known for dividend-focused and fundamentally weighted strategies.