WisdomTree, Inc. Plans Quarterly Dividend of $0.03 (NYSE:WT)

WisdomTree, Inc. (NYSE:WT) announced a quarterly dividend on Friday, May 1st. Investors of record on Wednesday, May 13th will be paid a dividend of 0.03 per share on Wednesday, May 27th. This represents a c) dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Wednesday, May 13th.

WisdomTree has a payout ratio of 16.2% meaning its dividend is sufficiently covered by earnings. Analysts expect WisdomTree to earn $1.19 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 10.1%.

WisdomTree Trading Down 2.5%

WT traded down $0.43 on Friday, hitting $16.57. The company had a trading volume of 3,810,282 shares, compared to its average volume of 3,780,497. The company’s fifty day moving average price is $15.91 and its 200 day moving average price is $14.12. WisdomTree has a 1 year low of $8.45 and a 1 year high of $18.78. The company has a current ratio of 1.75, a quick ratio of 1.37 and a debt-to-equity ratio of 1.94. The firm has a market cap of $2.35 billion, a P/E ratio of 22.10 and a beta of 1.11.

WisdomTree (NYSE:WT) last announced its earnings results on Friday, May 1st. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.02. WisdomTree had a net margin of 22.10% and a return on equity of 30.24%. The company had revenue of $159.50 million during the quarter, compared to analyst estimates of $156.96 million. During the same quarter last year, the firm posted $0.16 earnings per share. WisdomTree’s revenue was up 47.5% compared to the same quarter last year. As a group, equities analysts expect that WisdomTree will post 1.05 earnings per share for the current year.

About WisdomTree

WisdomTree Investments, Inc (NYSE: WT) is a U.S.-based asset management firm specializing in exchange-traded funds (ETFs) and exchange-traded products (ETPs). Founded in 2006 by Jonathan Steinberg and headquartered in New York City, WisdomTree has developed a reputation for pioneering smart-beta and fundamentally weighted indexing approaches. The company designs strategies that seek to enhance returns and reduce volatility by weighting constituents based on dividends, earnings or other financial metrics rather than relying solely on market capitalization.

WisdomTree offers a broad suite of investment products covering equities, fixed income, currencies, commodities and digital assets.