Nasdaq, Inc. (NASDAQ:NDAQ) Shareholders to Get $0.31 Quarterly Dividend

by · The Markets Daily

Nasdaq, Inc. (NASDAQ:NDAQ – Get Free Report) declared a quarterly dividend on Thursday, October 22nd. Shareholders of record on Friday, December 4th will be paid a dividend of $0.31 per share by the financial services provider on Friday, December 18th. This represents a $1.24 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Friday, December 4th.

Nasdaq has raised its dividend by an average of 0.1% annually over the last three years and has raised 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. Research analysts expect Nasdaq to earn $4.69 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 26.4%.

Nasdaq Stock Performance

Shares of NDAQ traded up $7.18 during midday trading on Thursday, reaching $103.30. 7,146,207 shares of the stock were exchanged, compared to its average volume of 3,788,175. The business’s 50-day moving average price is $94.64 and its 200 day moving average price is $90.85. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.01 and a quick ratio of 1.01. Nasdaq has a twelve month low of $76.55 and a twelve month high of $103.39. The company has a market capitalization of $57.74 billion, a price-to-earnings ratio of 30.12, a PEG ratio of 1.71 and a beta of 0.99.

Nasdaq (NASDAQ:NDAQ – Get Free Report) last posted its earnings results on Thursday, October 22nd. The financial services provider reported $1.04 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.02. The business had revenue of $2.39 billion during the quarter, compared to the consensus estimate of $1.47 billion. Nasdaq had a return on equity of 18.38% and a net margin of 22.60%. The business’s quarterly revenue was up 12.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.88 EPS. On average, sell-side analysts expect that Nasdaq will post 4.13 EPS for the current fiscal year.

Insider Buying and Selling at Nasdaq

In other Nasdaq news, EVP Jeremy Skule sold 1,125 shares of Nasdaq stock in a transaction that occurred on Tuesday, October 20th. The stock was sold at an average price of $95.00, for a total value of $106,875.00. Following the sale, the executive vice president owned 96,561 shares of the company’s stock, valued at approximately $9,173,295. The trade was a 1.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Bradley J. Peterson sold 13,000 shares of the business’s stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $92.61, for a total value of $1,203,930.00. Following the transaction, the executive vice president owned 128,293 shares in the company, valued at $11,881,214.73. The trade was a 9.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 46,297 shares of company stock valued at $4,351,963. 0.60% of the stock is owned by corporate insiders.

Institutional Trading of Nasdaq

A number of institutional investors have recently modified their holdings of the business. MBL Wealth LLC acquired a new position in Nasdaq during the third quarter worth $383,000. Compass Wealth Management LLC purchased a new position in Nasdaq in the third quarter worth $29,000. Isthmus Partners LLC purchased a new position in Nasdaq in the third quarter worth $212,000. Root Financial Partners LLC acquired a new stake in Nasdaq in the third quarter valued at $170,000. Finally, E. Ohman J or Asset Management AB lifted its holdings in Nasdaq by 10.5% in the third quarter. E. Ohman J or Asset Management AB now owns 16,432 shares of the financial services provider’s stock valued at $1,512,000 after acquiring an additional 1,560 shares during the period. 72.47% of the stock is currently owned by hedge funds and other institutional investors.

About Nasdaq

(Get Free Report)

Nasdaq, Inc is a global financial technology and market infrastructure company best known for operating the Nasdaq Stock Market, one of the world’s largest electronic stock exchanges. The company provides listing services for public companies and operates trading venues for equities, options and other financial products. Its exchange business serves companies, investors and market participants in the United States, as well as through Nasdaq’s Nordic and Baltic market operations.

Beyond its exchange activities, Nasdaq provides market data, analytics, indexes and technology used by exchanges, brokers, banks, asset managers and other financial institutions.

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