Nasdaq, Inc. (NASDAQ:NDAQ) Plans Quarterly Dividend of $0.31

Nasdaq, Inc. (NASDAQ:NDAQ) announced a quarterly dividend on Thursday, July 23rd. Stockholders of record on Friday, September 11th will be given a dividend of 0.31 per share by the financial services provider on Friday, September 25th. This represents a c) annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, September 11th.

Nasdaq has increased its dividend by an average of 0.1%annually 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 $4.45 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 27.9%.

Nasdaq Stock Performance

NASDAQ NDAQ opened at $90.42 on Friday. Nasdaq has a 1-year low of $76.55 and a 1-year high of $101.79. The company has a 50 day moving average of $87.41 and a 200-day moving average of $88.50. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.71. The firm has a market cap of $51.14 billion, a price-to-earnings ratio of 27.24, a PEG ratio of 1.45 and a beta of 0.99.

Nasdaq (NASDAQ:NDAQ) last announced its earnings results on Thursday, July 23rd. The financial services provider reported $1.07 EPS for the quarter, topping the consensus estimate of $0.98 by $0.09. The business had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $1.46 billion. Nasdaq had a return on equity of 17.51% and a net margin of 23.15%.Nasdaq’s revenue was up 14.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.85 EPS. On average, equities analysts forecast that Nasdaq will post 3.93 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, major shareholder Ab Investor bought 56,782 shares of the stock in a transaction dated Thursday, June 11th. The stock was bought at an average cost of $85.98 per share, with a total value of $4,882,116.36. Following the purchase, the insider owned 58,439,208 shares of the company’s stock, valued at approximately $5,024,603,103.84. This represents a 0.10% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Bradley J. Peterson sold 7,710 shares of the business’s stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $90.82, for a total value of $700,222.20. Following the sale, the executive vice president owned 141,035 shares of the company’s stock, valued at approximately $12,808,798.70. The trade was a 5.18% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.60% of the company’s stock.

Institutional Trading of Nasdaq

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. MV Capital Management Inc. bought a new position in shares of Nasdaq in the 4th quarter valued at about $28,000. SOA Wealth Advisors LLC. bought a new stake in shares of Nasdaq during the fourth quarter worth approximately $34,000. Nemes Rush Group LLC acquired a new position in Nasdaq in the fourth quarter valued at approximately $35,000. Uniplan Investment Counsel Inc. bought a new position in Nasdaq in the fourth quarter valued at approximately $35,000. Finally, Fideuram Asset Management Ireland dac acquired a new stake in Nasdaq during the 4th quarter worth $37,000. 72.47% of the stock is currently owned by institutional investors and hedge funds.

Nasdaq Company Profile

Nasdaq, Inc is a global financial technology company that operates one of the world’s leading electronic securities exchanges and provides a broad array of products and services to capital markets participants. Its core activities include operating the Nasdaq Stock Market and other trading venues, developing and supplying market technology and matching engines to exchanges and trading firms, licensing market data and indices, and offering clearing, trade execution and post-trade solutions. The company also provides market surveillance, risk management and regulatory technology used by exchanges and regulators.

Founded in 1971 by the National Association of Securities Dealers (NASD) as the first electronic stock market, Nasdaq has evolved into a diversified marketplace and technology provider.