WisdomTree, Inc. (WT) to Issue Quarterly Dividend of $0.03 on November 20th

WisdomTree, Inc. (NYSE:WT) announced a quarterly dividend on Friday, October 25th, NASDAQ reports. Stockholders of record on Wednesday, November 6th will be given a dividend of 0.03 per share on Wednesday, November 20th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date of this dividend is Wednesday, November 6th.

WisdomTree has a dividend payout ratio of 16.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect WisdomTree to earn $0.74 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 16.2%.

WisdomTree Trading Down 0.9 %

NYSE:WT opened at $10.26 on Monday. The stock has a market capitalization of $1.56 billion, a price-to-earnings ratio of 35.38 and a beta of 1.43. WisdomTree has a 52 week low of $6.23 and a 52 week high of $12.02. The company has a quick ratio of 2.16, a current ratio of 2.88 and a debt-to-equity ratio of 1.36. The firm has a 50 day moving average of $10.01 and a 200 day moving average of $9.90.

Analyst Upgrades and Downgrades

Several analysts have recently commented on WT shares. Oppenheimer increased their price objective on WisdomTree from $12.00 to $13.00 and gave the company an “outperform” rating in a report on Monday, July 29th. Northland Securities raised their price target on WisdomTree from $12.00 to $13.50 and gave the stock an “outperform” rating in a report on Monday, July 29th. UBS Group upped their price objective on shares of WisdomTree from $12.00 to $14.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $12.00 target price (up from $11.00) on shares of WisdomTree in a research note on Monday, July 29th. Finally, Northcoast Research downgraded shares of WisdomTree from a “strong-buy” rating to a “hold” rating in a research report on Sunday, September 15th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $12.25.

About WisdomTree

WisdomTree, Inc, through its subsidiaries, operates as an exchange-traded funds (ETFs) sponsor and asset manager. It offers ETFs in equities, currency, fixed income, and alternatives asset classes. The company also licenses its indexes to third parties for proprietary products, as well as offers a platform to promote the use of WisdomTree ETFs in 401(k) plans.