WisdomTree, Inc. (NYSE:WT) to Issue $0.03 Quarterly Dividend

WisdomTree, Inc. (NYSE:WT) declared a quarterly dividend on Wednesday, July 24th, NASDAQ reports. Stockholders of record on Wednesday, August 7th will be given a dividend of 0.03 per share on Wednesday, August 21st. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date is Wednesday, August 7th.

WisdomTree has a dividend payout ratio of 19.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect WisdomTree to earn $0.66 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 18.2%.

WisdomTree Trading Down 1.1 %

Shares of NYSE WT traded down $0.11 during midday trading on Tuesday, hitting $9.93. 124,039 shares of the company traded hands, compared to its average volume of 1,136,140. The stock has a 50-day moving average price of $10.22 and a 200 day moving average price of $9.08. The firm has a market cap of $1.51 billion, a P/E ratio of 14.76 and a beta of 1.48. WisdomTree has a 12-month low of $6.06 and a 12-month high of $12.02. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.18 and a current ratio of 3.01.

Wall Street Analyst Weigh In

WT has been the subject of a number of analyst reports. Craig Hallum increased their price objective on shares of WisdomTree from $12.00 to $15.00 and gave the stock a “buy” rating in a research note on Monday, July 29th. Oppenheimer raised their target price on shares of WisdomTree from $12.00 to $13.00 and gave the company an “outperform” rating in a research note on Monday, July 29th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $12.00 target price (up from $11.00) on shares of WisdomTree in a research note on Monday, July 29th. UBS Group raised their target price on shares of WisdomTree from $9.00 to $12.00 and gave the company a “buy” rating in a research note on Friday, April 12th. Finally, Northland Securities increased their price objective on shares of WisdomTree from $12.00 to $13.50 and gave the company an “outperform” rating in a research report on Monday, July 29th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, WisdomTree currently has an average rating of “Moderate Buy” and a consensus price target of $11.96.

WisdomTree Company Profile

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.