Nasdaq, Inc. (NASDAQ:NDAQ) declared a quarterly dividend on Wednesday, October 25th, RTT News reports. Stockholders of record on Friday, December 15th will be given a dividend of 0.38 per share by the financial services provider on Friday, December 29th. This represents a $1.52 annualized dividend and a dividend yield of 2.10%.

Nasdaq (NDAQ) traded down 1.38% during trading on Wednesday, hitting $72.44. The stock had a trading volume of 1,951,051 shares. Nasdaq has a 52 week low of $63.30 and a 52 week high of $78.31. The company has a market cap of $12.08 billion, a price-to-earnings ratio of 55.05 and a beta of 0.77. The company has a 50-day moving average of $75.26 and a 200 day moving average of $72.26.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $1.06 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.04. Nasdaq had a return on equity of 12.19% and a net margin of 5.76%. The company had revenue of $607.00 million during the quarter, compared to analysts’ expectations of $599.84 million. During the same quarter in the prior year, the firm posted $0.91 earnings per share. The business’s quarterly revenue was up 3.8% on a year-over-year basis. On average, equities research analysts anticipate that Nasdaq will post $4.16 EPS for the current year.

NDAQ has been the subject of several recent analyst reports. UBS AG reaffirmed a “buy” rating and set a $85.00 target price (up previously from $80.00) on shares of Nasdaq in a research note on Thursday, July 27th. BidaskClub raised Nasdaq from a “hold” rating to a “buy” rating in a research note on Friday, August 4th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $76.00 target price on shares of Nasdaq in a research note on Monday, September 11th. Keefe, Bruyette & Woods set a $76.00 target price on Nasdaq and gave the stock a “hold” rating in a research note on Thursday, August 17th. Finally, Zacks Investment Research raised Nasdaq from a “sell” rating to a “hold” rating in a research note on Monday, July 17th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company. Nasdaq presently has an average rating of “Hold” and an average target price of $77.50.

In other Nasdaq news, insider Ann M. Dennison sold 1,170 shares of the firm’s stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $76.32, for a total value of $89,294.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Edward S. Knight sold 14,629 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $76.74, for a total value of $1,122,629.46. The disclosure for this sale can be found here. Insiders sold 36,844 shares of company stock valued at $2,788,100 in the last three months. Insiders own 1.60% of the company’s stock.

TRADEMARK VIOLATION WARNING: This piece of content was posted by American Banking News and is the property of of American Banking News. If you are accessing this piece of content on another publication, it was stolen and republished in violation of US & international copyright & trademark legislation. The correct version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/10/25/nasdaq-inc-ndaq-plans-quarterly-dividend-of-0-38.html.

About Nasdaq

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.

Dividend History for Nasdaq (NASDAQ:NDAQ)

Receive News & Ratings for Nasdaq Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nasdaq Inc. and related companies with MarketBeat.com's FREE daily email newsletter.