Nasdaq, Inc. to Issue Quarterly Dividend of $0.38 (NASDAQ:NDAQ)
Nasdaq, Inc. (NASDAQ:NDAQ) declared a quarterly dividend on Wednesday, July 26th, RTT News reports. Shareholders of record on Friday, September 15th will be given a dividend of 0.38 per share by the financial services provider on Friday, September 29th. This represents a $1.52 dividend on an annualized basis and a yield of 2.09%.
Shares of Nasdaq (NDAQ) traded up 2.36% during mid-day trading on Wednesday, hitting $74.46. 456,609 shares of the company were exchanged. The company has a 50 day moving average of $70.94 and a 200 day moving average of $69.60. Nasdaq has a 52 week low of $63.30 and a 52 week high of $74.49. The company has a market capitalization of $12.30 billion, a P/E ratio of 86.78 and a beta of 0.76.
Nasdaq (NASDAQ:NDAQ) last announced its quarterly earnings results on Wednesday, July 26th. The financial services provider reported $1.02 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.06. Nasdaq had a net margin of 3.87% and a return on equity of 11.77%. The firm had revenue of $602 million during the quarter, compared to analyst estimates of $596.55 million. During the same period in the previous year, the business posted $0.91 earnings per share. The business’s revenue for the quarter was up 7.7% on a year-over-year basis. Equities analysts anticipate that Nasdaq will post $4.11 earnings per share for the current year.
NDAQ has been the subject of a number of research analyst reports. BidaskClub upgraded shares of Nasdaq from a “sell” rating to a “hold” rating in a research note on Thursday, June 29th. Deutsche Bank AG cut their target price on shares of Nasdaq from $80.00 to $79.00 and set a “buy” rating for the company in a research report on Friday, April 28th. Zacks Investment Research lowered shares of Nasdaq from a “hold” rating to a “sell” rating in a research report on Tuesday, June 27th. Finally, Royal Bank Of Canada set a $70.00 target price on shares of Nasdaq and gave the company a “hold” rating in a research report on Friday, April 21st. Eight investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $74.00.
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In other Nasdaq news, Director Lars Wedenborn sold 10,000 shares of Nasdaq stock in a transaction that occurred on Thursday, April 27th. The shares were sold at an average price of $68.38, for a total transaction of $683,800.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. 1.60% of the stock is owned by insiders.
Nasdaq Company Profile
Nasdaq, Inc (Nasdaq) is a holding company. The Company is a provider of trading, clearing, exchange technology, regulatory, securities listing, information and public company services. It manages, operates and provides its products and services through four segments: Market Services, Corporate Services, Information Services and Market Technology.
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