MarketAxess Holdings Inc. (MKTX) stock soared 5.52% in Thursday's pre-market trading session, following the company's better-than-expected fourth quarter 2024 earnings report and an increase in its quarterly dividend payment.
For the fourth quarter, MKTX reported earnings of $1.73 per share, surpassing analysts' consensus estimate of $1.68 per share. However, the company's revenue of $202.4 million fell slightly short of the expected $205.1 million.
In addition to the earnings beat, MKTX announced that its Board of Directors had approved a 2.7% hike in the company's quarterly cash dividend, raising it to $0.76 per share. The increased dividend will be payable on March 5 to shareholders of record as of February 19.
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