Visa Inc. to Issue Quarterly Dividend of $0.67 (NYSE:V)

Visa Inc. (NYSE:V) announced a quarterly dividend on Thursday, January 29th. Stockholders of record on Tuesday, February 10th will be given a dividend of 0.67 per share by the credit-card processor on Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Tuesday, February 10th.

Visa has increased its dividend by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 17 consecutive years. Visa has a dividend payout ratio of 21.1% meaning its dividend is sufficiently covered by earnings. Analysts expect Visa to earn $12.73 per share next year, which means the company should continue to be able to cover its $2.68 annual dividend with an expected future payout ratio of 21.1%.

Visa Price Performance

Shares of NYSE:V traded down $8.16 during midday trading on Friday, reaching $323.64. 4,546,645 shares of the company were exchanged, compared to its average volume of 8,186,513. The stock has a market cap of $589.59 billion, a PE ratio of 31.70, a price-to-earnings-growth ratio of 1.92 and a beta of 0.81. The business’s fifty day moving average is $338.87 and its two-hundred day moving average is $341.79. Visa has a one year low of $299.00 and a one year high of $375.51. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.53.

Visa (NYSE:V) last announced its quarterly earnings results on Thursday, January 29th. The credit-card processor reported $3.17 EPS for the quarter, topping the consensus estimate of $3.14 by $0.03. The business had revenue of $10.90 billion for the quarter, compared to analysts’ expectations of $10.69 billion. Visa had a net margin of 50.15% and a return on equity of 60.31%. The business’s quarterly revenue was up 14.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.75 EPS. As a group, analysts predict that Visa will post 11.3 earnings per share for the current year.

About Visa

Visa Inc is a global payments technology company that facilitates electronic funds transfers and digital commerce by connecting consumers, merchants, financial institutions and governments. The firm operates one of the world’s largest payment networks, providing processing, authorization, clearing and settlement services for credit, debit and prepaid card transactions. Visa’s network-based model enables partner banks and other issuers to offer branded payment products while Visa focuses on the infrastructure, standards and technologies that move money securely and efficiently around the world.

Visa’s product and service portfolio includes card-based payment products for consumers and businesses, real-time push-payment capabilities, tokenization and authentication services, fraud and risk-management tools, data analytics and APIs for fintech and merchant integration.