Virtu Financial, Inc. (VIRT) to Issue Quarterly Dividend of $0.24 on June 15th

Virtu Financial, Inc. (NYSE:VIRT) declared a quarterly dividend on Wednesday, April 29th. Investors of record on Monday, June 1st will be given a dividend of 0.24 per share on Monday, June 15th. This represents a c) annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Monday, June 1st.

Virtu Financial has a payout ratio of 23.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Virtu Financial to earn $4.41 per share next year, which means the company should continue to be able to cover its $0.96 annual dividend with an expected future payout ratio of 21.8%.

Virtu Financial Stock Down 2.3%

VIRT opened at $49.67 on Friday. The company has a quick ratio of 0.47, a current ratio of 1.12 and a debt-to-equity ratio of 0.92. The stock has a market cap of $7.68 billion, a price-to-earnings ratio of 8.22, a PEG ratio of 4.12 and a beta of 0.54. Virtu Financial has a twelve month low of $31.55 and a twelve month high of $52.21. The company’s 50-day moving average price is $44.59 and its two-hundred day moving average price is $38.54.

Virtu Financial (NYSE:VIRT) last released its earnings results on Wednesday, April 29th. The company reported $2.24 earnings per share for the quarter, beating analysts’ consensus estimates of $1.66 by $0.58. The firm had revenue of $786.53 million for the quarter, compared to analysts’ expectations of $613.12 million. Virtu Financial had a net margin of 14.17% and a return on equity of 51.63%. The company’s quarterly revenue was up 30.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.30 earnings per share. As a group, equities analysts expect that Virtu Financial will post 4.73 earnings per share for the current year.

About Virtu Financial

Virtu Financial, Inc is a technology-driven electronic trading firm and market maker that provides liquidity and price discovery across a wide range of financial instruments. Leveraging advanced analytics, high-performance computing and proprietary algorithms, Virtu operates in equities, fixed income, foreign exchange, commodities and derivative products. Its technology platform is designed to capture bid-ask spreads in real time, manage risk through automated controls and adapt to changing market conditions.

The company offers a suite of execution services and market-making solutions to institutional clients such as asset managers, banks, broker-dealers and hedge funds.