Intercontinental Exchange Inc. (NYSE:ICE) Raises Dividend to $0.52 Per Share

Intercontinental Exchange Inc. (NYSE:ICEGet Free Report) announced a quarterly dividend on Thursday, February 5th. Shareholders of record on Tuesday, March 17th will be given a dividend of 0.52 per share by the financial services provider on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Tuesday, March 17th. This is a 8.3% increase from Intercontinental Exchange’s previous quarterly dividend of $0.48.

Intercontinental Exchange has increased its dividend by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 9 consecutive years. Intercontinental Exchange has a dividend payout ratio of 25.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Intercontinental Exchange to earn $7.52 per share next year, which means the company should continue to be able to cover its $1.92 annual dividend with an expected future payout ratio of 25.5%.

Intercontinental Exchange Trading Up 1.9%

Shares of NYSE ICE traded up $3.11 during midday trading on Thursday, reaching $167.96. The stock had a trading volume of 5,662,647 shares, compared to its average volume of 3,763,856. The company’s 50 day moving average price is $164.73 and its 200 day moving average price is $166.58. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.01 and a current ratio of 1.01. Intercontinental Exchange has a twelve month low of $143.17 and a twelve month high of $189.35. The firm has a market cap of $95.77 billion, a price-to-earnings ratio of 30.59, a price-to-earnings-growth ratio of 1.97 and a beta of 1.02.

Intercontinental Exchange (NYSE:ICEGet Free Report) last issued its earnings results on Thursday, February 5th. The financial services provider reported $1.71 earnings per share for the quarter, topping analysts’ consensus estimates of $1.67 by $0.04. The business had revenue of $3.14 billion during the quarter, compared to the consensus estimate of $2.51 billion. Intercontinental Exchange had a return on equity of 13.79% and a net margin of 25.24%.The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.52 earnings per share. As a group, sell-side analysts expect that Intercontinental Exchange will post 6.73 EPS for the current year.

Intercontinental Exchange News Roundup

Here are the key news stories impacting Intercontinental Exchange this week:

Intercontinental Exchange Company Profile

(Get Free Report)

Intercontinental Exchange (NYSE: ICE) is a global operator of exchanges, clearing houses and data services that provides infrastructure for the trading, clearing, settlement and information needs of financial and commodity markets. Founded in 2000 by Jeffrey C. Sprecher as an electronic energy trading platform, the company has grown through organic expansion and acquisitions to operate a broad portfolio of assets spanning listed equities, futures and options, fixed income, and over-the-counter derivatives.

Featured Articles

Dividend History for Intercontinental Exchange (NYSE:ICE)

Receive News & Ratings for Intercontinental Exchange Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intercontinental Exchange and related companies with MarketBeat.com's FREE daily email newsletter.