-Intercontinental Exchange reported a rise in adjusted profit for the first quarter on Thursday as volumes hit a record on surge in energy markets trading.
Energy trading volumes surged a record 27% with gains across segments, including oil, gasoil as well as other crude and refined products. Natural gas average daily volumes jumped 34%, including record options. The New York Stock Exchange-parent's adjusted net income rose to $852 million, or $1.48 per share compared with $791 million, or $1.41 per share, a year earlier.This dividend stock is near 52-week highs, but still down from all-time highs, with a highly valuable P/E ratio you won't want to miss. The post 1 Magnificent Dividend Stock That’s Down 21% and Trading at a Once-in-a-Decade Valuation appeared first on The Motley Fool Canada.