MarketAxess Holdings Inc.
MKTXFinancial Services · Stock · quarterly payer
Forward Yield
2.74%
Annual Dividend
$3.12
Payout Ratio
36%
5-Yr Growth
4.8%
Ex-Date
May 20, 2026
Frequency
Quarterly
Summary
As of July 2026, MarketAxess Holdings Inc. (MKTX) yields 2.74% ($3.12 per share annually), with a blended fair-value estimate of $175.05 — +54% upside, so it screens as undervalued. Dividend safety grade: A (85/100). 15 years of dividend growth.
Is MKTX a good dividend stock?
YesMarketAxess Holdings Inc. (MKTX) pays a quarterly dividend yielding 2.74% ($3.12/yr), with 15 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- 15 consecutive years of dividend growth
- Never cut its dividend on record
- Comfortable payout ratio (36%)
- Top-tier dividend safety score
Risks
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 2.74%
- Payout Ratio
- 36%
- Annual Dividend
- $3.12
- 5-Yr Avg Growth
- 4.8%
- Ex-Dividend Date
- May 20, 2026
- Years of Growth
- 15
- Frequency
- quarterly
- Beta
- 0.87
- Market Cap
- $4.1B
- P/E Ratio
- 13.5
- 5-Yr Total Return
- -76%
- 52-Week Range
- $108.75 – $214.98
- Dividend Safety
- A · 85/100
- Ever Cut?
- No
Frequently Asked Questions
MKTX Price — Last 12 Months
Daily close
Price Return
1 Year
-38%
3 Years
-53%
5 Years
-76%
52-Week Range
$108.75 – $214.98
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is MKTX worth?
Undervaluedmedium confidenceOur blended fair-value estimate for MarketAxess Holdings Inc. is $175.05 per share, versus a market price of $113.80. That implies 54% of upside — a margin of safety of about 35%.
Fair Value
$175.05
Current Price
$113.80
Upside
+54%
Margin of Safety
35%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about -10.0% annual free-cash-flow growth. We model 10.1% — below our estimate, leaving room for upside if the business executes.
Assumptions: 8.6% discount rate (CAPM), 10.1% stage-1 growth, 2.5% terminal growth, $8.44 EPS, $3.12 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
MKTX Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| May 20, 2026 | — | $0.7800 | regular |
| Feb 18, 2026 | — | $0.7800 | regular |
| Nov 19, 2025 | — | $0.7600 | regular |
| Aug 20, 2025 | — | $0.7600 | regular |
| May 21, 2025 | — | $0.7600 | regular |
| Feb 19, 2025 | — | $0.7600 | regular |
| Nov 20, 2024 | — | $0.7400 | regular |
| Aug 21, 2024 | — | $0.7400 | regular |
| May 21, 2024 | — | $0.7400 | regular |
| Feb 13, 2024 | — | $0.7400 | regular |
| Nov 7, 2023 | — | $0.7200 | regular |
| Aug 1, 2023 | — | $0.7200 | regular |
| May 9, 2023 | — | $0.7200 | regular |
| Feb 7, 2023 | — | $0.7200 | regular |
Income Calculator
At $3.12 / yr per share
