Virtu Financial, Inc. (NYSE:VIRT – Get Free Report) declared a quarterly dividend on Thursday, July 30th. Shareholders of record on Tuesday, September 1st will be paid a dividend of 0.24 per share on Tuesday, September 15th. This represents a c) annualized dividend and a yield of 1.6%. The ex-dividend date is Tuesday, September 1st.
Virtu Financial has a dividend payout ratio of 23.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Virtu Financial to earn $5.59 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 17.2%.
Virtu Financial Trading Up 2.6%
Shares of VIRT stock traded up $1.53 during trading hours on Thursday, hitting $59.46. 1,281,410 shares of the company’s stock traded hands, compared to its average volume of 1,269,920. The stock’s 50 day simple moving average is $57.92 and its 200 day simple moving average is $48.50. The stock has a market cap of $9.22 billion, a PE ratio of 9.84, a price-to-earnings-growth ratio of 0.39 and a beta of 0.58. Virtu Financial has a 12 month low of $31.55 and a 12 month high of $68.02. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 0.92.
Virtu Financial Company Profile
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.
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