MarketAxess Holdings Inc. (NASDAQ:MKTX) Shareholders to Get $0.78 Quarterly Dividend

MarketAxess Holdings Inc. (NASDAQ:MKTX) declared a quarterly dividend on Friday, October 23rd. Shareholders of record on Wednesday, November 11th will be given a dividend of $0.78 per share by the financial services provider on Wednesday, November 25th. This represents a $3.12 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Tuesday, November 10th.

MarketAxess has a dividend payout ratio of 36.7% meaning its dividend is sufficiently covered by earnings. Analysts expect MarketAxess to earn $8.78 per share next year, which means the company should continue to be able to cover its $3.12 annual dividend with an expected future payout ratio of 35.5%.

MarketAxess Stock Up 0.0%

MKTX traded up $0.01 on Friday, hitting $164.67. The company had a trading volume of 982,285 shares, compared to its average volume of 756,596. The stock has a market capitalization of $5.79 billion, a price-to-earnings ratio of 19.42, a P/E/G ratio of 2.15 and a beta of 0.80. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.85 and a current ratio of 1.85. The stock has a fifty day moving average price of $163.48 and a 200-day moving average price of $146.81. MarketAxess has a 12-month low of $108.75 and a 12-month high of $195.96.

MarketAxess (NASDAQ:MKTX) last released its quarterly earnings results on Friday, October 23rd. The financial services provider reported $1.86 EPS for the quarter, missing the consensus estimate of $1.95 by ($0.09). The firm had revenue of $210.41 million for the quarter. MarketAxess had a net margin of 35.22% and a return on equity of 22.48%. The business’s revenue was up .8% on a year-over-year basis. During the same period last year, the firm posted $1.84 earnings per share. Analysts predict that MarketAxess will post 8.08 EPS for the current fiscal year.

MarketAxess Company Profile

MarketAxess Holdings Inc operates an electronic trading platform for fixed-income securities and related market data services. The company connects institutional investors, broker-dealers and other market participants, enabling them to trade corporate bonds, government bonds, emerging-market debt and other credit products through digital workflows.

Its offerings include electronic request-for-quote trading, all-to-all trading through its Open Trading marketplace, portfolio trading, and tools designed to support pricing, liquidity discovery and trade execution.