E*TRADE Financial Corp (NASDAQ:ETFC) Plans Quarterly Dividend of $0.14

E*TRADE Financial Corp (NASDAQ:ETFC) announced a quarterly dividend on Wednesday, April 17th, RTT News reports. Investors of record on Monday, May 13th will be paid a dividend of 0.14 per share by the financial services provider on Monday, May 20th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date is Friday, May 10th.

E*TRADE Financial has a payout ratio of 15.6% meaning its dividend is sufficiently covered by earnings. Analysts expect E*TRADE Financial to earn $4.59 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 12.2%.

Shares of NASDAQ:ETFC opened at $50.08 on Friday. E*TRADE Financial has a 1 year low of $40.41 and a 1 year high of $66.46. The stock has a market cap of $12.25 billion, a P/E ratio of 12.87, a price-to-earnings-growth ratio of 1.08 and a beta of 1.16. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.28.

E*TRADE Financial (NASDAQ:ETFC) last announced its earnings results on Wednesday, April 17th. The financial services provider reported $1.09 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.93 by $0.16. E*TRADE Financial had a return on equity of 18.06% and a net margin of 37.50%. The company had revenue of $755.00 million for the quarter, compared to analyst estimates of $738.04 million. During the same period in the prior year, the company posted $0.88 EPS. The firm’s quarterly revenue was up 6.6% compared to the same quarter last year. Research analysts expect that E*TRADE Financial will post 4.29 EPS for the current fiscal year.

ETFC has been the topic of several recent analyst reports. Morgan Stanley set a $62.00 target price on E*TRADE Financial and gave the company a “buy” rating in a research report on Tuesday, January 29th. Zacks Investment Research raised E*TRADE Financial from a “hold” rating to a “buy” rating and set a $52.00 target price on the stock in a research report on Thursday, January 10th. Credit Suisse Group reaffirmed a “buy” rating on shares of E*TRADE Financial in a research report on Friday, January 25th. BidaskClub raised E*TRADE Financial from a “hold” rating to a “buy” rating in a research report on Tuesday, April 23rd. Finally, ValuEngine raised E*TRADE Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, January 16th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have issued a buy rating to the stock. E*TRADE Financial presently has an average rating of “Buy” and an average target price of $59.83.

In other news, CEO Karl A. Roessner sold 45,724 shares of the stock in a transaction dated Tuesday, February 12th. The stock was sold at an average price of $47.35, for a total value of $2,165,031.40. Following the transaction, the chief executive officer now directly owns 175,092 shares of the company’s stock, valued at $8,290,606.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Michael John Curcio sold 21,928 shares of the stock in a transaction dated Tuesday, February 12th. The shares were sold at an average price of $47.36, for a total value of $1,038,510.08. Following the completion of the transaction, the executive vice president now directly owns 213,896 shares in the company, valued at $10,130,114.56. The disclosure for this sale can be found here. 0.20% of the stock is currently owned by corporate insiders.

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About E*TRADE Financial

E*TRADE Financial Corporation, a financial services company, provides brokerage and related products and services for traders, investors, stock plan administrators and participants, and registered investment advisors (RIAs). It also offers investor-focused banking products, primarily sweep deposits to customers; clearing and settlement services; Federal Deposit Insurance Corporation insurance services; custody solutions to RIAs; other banking and cash management services; software and services for managing equity compensation plans to its corporate clients; retail futures transaction services; and investment advisory services.

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