WisdomTree (WT) Declares $0.03 Dividend
WisdomTree said on April 28, 2023 that its board of directors declared a regular quarterly dividend of $0.03 per share ($0.12 annualized). Previously, the company paid $0.03 per share.
Shares must be purchased before the ex-div date of May 9, 2023 to qualify for the dividend. Shareholders of record as of May 10, 2023 will receive the payment on May 24, 2023.
At the current share price of $6.11 / share, the stock's dividend yield is 1.96%.
Looking back five years and taking a sample every week, the average dividend yield has been 2.25%, the lowest has been 1.04%, and the highest has been 5.19%. The standard deviation of yields is 0.73 (n=233).
The current dividend yield is 0.39 standard deviations below the historical average.
Additionally, the company's dividend payout ratio is 0.23. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company has not increased its dividend in the last three years.
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Analyst Price Forecast Suggests 11.85% Upside
As of April 24, 2023, the average one-year price target for WisdomTree is 6.83. The forecasts range from a low of 5.25 to a high of $8.40. The average price target represents an increase of 11.85% from its latest reported closing price of 6.11.
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The projected annual revenue for WisdomTree is 310MM, an increase of 1.73%. The projected annual non-GAAP EPS is 0.26.
What are Other Shareholders Doing?
ArrowMark Colorado Holdings holds 15,935K shares representing 10.92% ownership of the company. In it's prior filing, the firm reported owning 14,199K shares, representing an increase of 10.89%. The firm increased its portfolio allocation in WT by 27.20% over the last quarter.
Massachusetts Financial Services holds 8,774K shares representing 6.01% ownership of the company. In it's prior filing, the firm reported owning 8,746K shares, representing an increase of 0.32%. The firm increased its portfolio allocation in WT by 9.09% over the last quarter.
IJR - iShares Core S&P Small-Cap ETF holds 8,259K shares representing 5.66% ownership of the company. In it's prior filing, the firm reported owning 8,150K shares, representing an increase of 1.32%. The firm increased its portfolio allocation in WT by 7.36% over the last quarter.
Azora Capital holds 7,301K shares representing 5.00% ownership of the company. In it's prior filing, the firm reported owning 7,137K shares, representing an increase of 2.24%. The firm increased its portfolio allocation in WT by 17.65% over the last quarter.
VEXPX - VANGUARD EXPLORER FUND Investor Shares holds 5,759K shares representing 3.95% ownership of the company. No change in the last quarter.
WisdomTree Background Information
(This description is provided by the company.)
WisdomTree Investments, Inc., through its subsidiaries in the U.S. and Europe (collectively, 'WisdomTree'), is an ETF and ETP sponsor and asset manager headquartered in New York. WisdomTree offers products covering equity, commodity, fixed income, leveraged and inverse, currency and alternative strategies. WisdomTree currently has approximately $69.2 billion in assets under management globally.
This story originally appeared on Fintel.