Waddell & Reed Financial (NYSE:WDR) had declared a cash dividend of $0.4600 on Jun 20, 2016. The shares will quote ex-dividend on Jul 7, 2016 and the record date has been fixed for Jul 11, 2016. On Jun 20, 2016 share price, the yield comes out to be 9.9567%. The dividend payable date has been fixed on Aug 1, 2016.
Waddell & Reed Financial (WDR) shares turned negative on Fridays trading session with the shares closing down -1.63 points or -8.57% at a volume of 87,60,881. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $18.2. The peak price level was also seen at $18.2 while the days lowest was $17.11. Finally the shares closed at $17.39. The 52-week high of the shares is $49.45 while the 52-week low is $17.11. According to the latest information available, the market cap of the company is $1,417 M.
Waddell & Reed Financial(WDR) last announced its earnings results on Apr 26, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $323.82M. Analysts had an estimated revenue of $329.07M. Earnings per share were $0.53. Analysts had estimated an EPS of $0.55.
Several Insider Transactions has been reported to the SEC. On Aug 4, 2015, James M Raines (director) sold 3,000 shares at $44.96 per share price.Also, On May 26, 2015, Dennis E Logue (director) sold 2,700 shares at $48.30 per share price.On Feb 11, 2015, Michael L Avery (President) purchased 5,500 shares at $48.64 per share price, according to the Form-4 filing with the securities and exchange commission.
Waddell & Reed Financial Inc. is a mutual fund and asset management company. The Company provides investment management investment advisory investment product underwriting and distribution and shareholder services administration to Waddell & Reed Advisors group of mutual funds Ivy Funds Ivy Funds Variable Insurance Portfolios InvestEd Portfolios 529 college savings and Selector Management Fund SICAV and its Ivy Global Investors sub-funds and institutional and separately managed accounts. The Company operates its business through a distribution network. Its retail products are distributed through its Wholesale channel which includes third parties such as other broker/dealers registered investment advisors and various retirement platforms or through its Advisors channel sales force of independent financial advisors. It also markets investment advisory services to institutional investors either directly or through consultants in its Institutional channel.