MarketAxess Holdings Inc. (NASDAQ:MKTX) Declares Quarterly Dividend of $0.76

MarketAxess Holdings Inc. (NASDAQ:MKTX) declared a quarterly dividend on Friday, November 7th. Shareholders of record on Wednesday, November 19th will be given a dividend of 0.76 per share by the financial services provider on Wednesday, December 3rd. This represents a c) dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Wednesday, November 19th.

MarketAxess has increased its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 2 years. MarketAxess has a dividend payout ratio of 35.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect MarketAxess to earn $8.72 per share next year, which means the company should continue to be able to cover its $3.04 annual dividend with an expected future payout ratio of 34.9%.

MarketAxess Trading Up 0.9%

MKTX opened at $167.27 on Friday. MarketAxess has a 1-year low of $156.17 and a 1-year high of $277.84. The company has a market cap of $6.25 billion, a price-to-earnings ratio of 28.16, a PEG ratio of 6.44 and a beta of 0.94. The company’s fifty day moving average price is $174.16 and its two-hundred day moving average price is $199.18.

MarketAxess (NASDAQ:MKTX) last announced its quarterly earnings data on Friday, November 7th. The financial services provider reported $1.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.69 by $0.15. The firm had revenue of $208.82 million during the quarter, compared to the consensus estimate of $212.59 million. MarketAxess had a return on equity of 20.41% and a net margin of 26.62%.The business’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.90 EPS. As a group, equities analysts forecast that MarketAxess will post 7.79 earnings per share for the current fiscal year.

MarketAxess Company Profile

MarketAxess Holdings Inc, together with its subsidiaries, operates an electronic trading platform for institutional investor and broker-dealer companies worldwide. The company offers trading technology that provides liquidity access in U.S. high-grade bonds, U.S. high-yield bonds, emerging market debt, eurobonds, municipal bonds, U.S.