WisdomTree, Inc. (WT) to Issue Quarterly Dividend of $0.03 on November 25th

WisdomTree, Inc. (NYSE:WT) declared a quarterly dividend on Wednesday, October 28th. Stockholders of record on Wednesday, November 11th will be paid a dividend of $0.03 per share on Wednesday, November 25th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Tuesday, November 10th.

WisdomTree has a payout ratio of 16.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect WisdomTree to earn $1.32 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 9.1%.

WisdomTree Price Performance

WisdomTree stock opened at $19.46 on Friday. The stock’s 50 day moving average is $22.66 and its 200 day moving average is $19.17. The company has a debt-to-equity ratio of 2.38, a current ratio of 3.54 and a quick ratio of 3.20. The firm has a market cap of $2.95 billion, a P/E ratio of 27.40 and a beta of 1.18. WisdomTree has a one year low of $10.69 and a one year high of $25.91.

WisdomTree (NYSE:WT) last announced its earnings results on Friday, October 30th. The company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.30 by $0.02. The business had revenue of $179.38 million for the quarter, compared to analysts’ expectations of $180.68 million. WisdomTree had a return on equity of 40.93% and a net margin of 16.64%. The firm’s revenue was up 42.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.23 earnings per share. As a group, research analysts expect that WisdomTree will post 1.19 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on WT shares. Craig Hallum boosted their price target on shares of WisdomTree from $24.00 to $29.00 and gave the stock a “buy” rating in a research report on Friday, October 2nd. Northland Securities increased their price objective on shares of WisdomTree from $22.00 to $26.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 19th. Oppenheimer lifted their target price on shares of WisdomTree from $22.00 to $27.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 26th. Morgan Stanley dropped their target price on shares of WisdomTree from $27.00 to $25.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 28th. Finally, Zacks Research cut shares of WisdomTree from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 27th. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $25.72.

About WisdomTree

WisdomTree, Inc is a financial services company that sponsors and manages exchange-traded funds (ETFs) and exchange-traded products. Its offerings provide access to equities, fixed income, currencies, commodities, alternatives and other asset classes through rules-based investment strategies designed for individual and institutional investors.

The company also provides model portfolios, separately managed accounts and other investment solutions for financial professionals. In addition, WisdomTree has developed products and capabilities related to digital assets and blockchain-enabled financial services, subject to applicable regulatory requirements.

Founded in 1985 and formerly known as WisdomTree Investments, the company launched its first ETFs in 2006 and became known for dividend-focused and fundamentally weighted strategies.