Newmark Group, Inc. (NASDAQ:NMRK) Increases Dividend to $0.06 Per Share

Newmark Group, Inc. (NASDAQ:NMRK) declared a quarterly dividend on Wednesday, April 29th. Stockholders of record on Thursday, May 14th will be given a dividend of 0.06 per share on Friday, May 29th. This represents a c) annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Thursday, May 14th. This is a 100.0% increase from Newmark Group’s previous quarterly dividend of $0.03.

Newmark Group has decreased its dividend payment by an average of 0.0%per year over the last three years. Newmark Group has a dividend payout ratio of 14.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Newmark Group to earn $2.02 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 11.9%.

Newmark Group Trading Down 1.2%

NMRK opened at $16.53 on Tuesday. The firm has a market cap of $3.05 billion, a price-to-earnings ratio of 20.41 and a beta of 1.76. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.39. Newmark Group has a 12 month low of $10.20 and a 12 month high of $19.83. The stock has a fifty day moving average price of $15.23 and a 200-day moving average price of $16.39.

Newmark Group (NASDAQ:NMRK) last released its quarterly earnings results on Friday, May 8th. The company reported $0.08 EPS for the quarter. The firm had revenue of $846.52 million during the quarter. Newmark Group had a return on equity of 26.46% and a net margin of 4.30%. As a group, equities research analysts anticipate that Newmark Group will post 1.91 earnings per share for the current fiscal year.

About Newmark Group

Newmark Group, Inc is a publicly traded commercial real estate advisory firm headquartered in New York City. The company provides a comprehensive suite of services to real estate investors, occupiers and developers, including leasing advisory, property management, capital markets placement, loan servicing, valuation and advisory services. Newmark’s platform integrates local market expertise with national reach to support clients across diverse property types such as office, industrial, retail, multifamily and specialty assets.

Operating across two principal segments—global corporate services and capital markets & property-level services—Newmark delivers tailored solutions encompassing tenant representation, landlord leasing, investment sales, debt and equity financing, and appraisal services.