Tradeweb Markets Inc. (TW) will start paying a quarterly dividend of $0.08 per share. This is the first ever dividend for the electronic market places operator that had its IPO last month.

The dividend will be payable on June 15, 2019 to stockholders of record as of June 1, 2019. An annualized rate of 32 cents yields 0.7% at a stock price of $43.00.

Tradeweb Markets Inc. is a leading, global operator of electronic marketplaces for rates, credit, equities and money markets. Founded in 1996, the company provides access to markets, data and analytics, electronic trading, straight-through-processing and reporting in more than 40 products to clients in the institutional, wholesale and retail markets. Advanced technologies developed by Tradeweb enhance price discovery, order execution and trade workflows while allowing for greater scale and helping to reduce risks in client trading operations. The company serves approximately 2,500 clients in more than 60 countries. In an average trading day, Tradeweb facilitates more than $570 billion in notional value.