PagSeguro Digital Ltd. (NYSE:PAGS) Announces Special Dividend of $0.12

PagSeguro Digital Ltd. (NYSE:PAGS) announced a special dividend on Tuesday, December 30th. Shareholders of record on Wednesday, January 28th will be paid a dividend of 0.12 per share on Friday, February 27th. The ex-dividend date of this dividend is Wednesday, January 28th.

PagSeguro Digital has a dividend payout ratio of 9.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect PagSeguro Digital to earn $1.19 per share next year, which means the company should continue to be able to cover its $0.14 annual dividend with an expected future payout ratio of 11.8%.

PagSeguro Digital Trading Down 1.3%

Shares of PAGS stock traded down $0.13 during trading hours on Wednesday, hitting $9.62. 397,568 shares of the company were exchanged, compared to its average volume of 4,903,436. The company has a market capitalization of $3.17 billion, a PE ratio of 7.45, a PEG ratio of 0.49 and a beta of 1.45. PagSeguro Digital has a 52 week low of $6.11 and a 52 week high of $11.16. The business has a 50 day moving average of $9.74 and a two-hundred day moving average of $9.30.

PagSeguro Digital (NYSE:PAGS) last announced its earnings results on Wednesday, November 12th. The company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01. PagSeguro Digital had a return on equity of 15.39% and a net margin of 11.00%.The business had revenue of $937.15 million for the quarter, compared to analyst estimates of $971.30 million. On average, research analysts forecast that PagSeguro Digital will post 1.17 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts recently commented on PAGS shares. Wall Street Zen cut PagSeguro Digital from a “strong-buy” rating to a “buy” rating in a research report on Saturday, October 4th. Weiss Ratings restated a “hold (c)” rating on shares of PagSeguro Digital in a report on Wednesday, October 8th. Bank of America upgraded PagSeguro Digital from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $10.00 to $13.00 in a research report on Friday, September 19th. The Goldman Sachs Group restated a “neutral” rating and set a $9.00 price target (down previously from $12.00) on shares of PagSeguro Digital in a report on Tuesday, October 14th. Finally, Susquehanna boosted their price objective on PagSeguro Digital from $11.00 to $12.00 and gave the company a “positive” rating in a research note on Friday, November 14th. Five research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, PagSeguro Digital currently has a consensus rating of “Moderate Buy” and an average price target of $11.71.

PagSeguro Digital Company Profile

PagSeguro Digital Ltd. is a Brazil-based financial technology company that specializes in digital payment solutions for merchants and consumers. Through its online platform and a suite of physical point-of-sale devices, the company enables businesses of all sizes to accept credit and debit cards, process e-commerce transactions, and manage payments via QR codes and digital wallets. In addition to payment acceptance, PagSeguro offers prepaid accounts, funds transfers, and working-capital credit lines designed to support small and medium-sized enterprises.

The company’s product portfolio includes portable card readers, countertop terminals, and mobile point-of-sale devices that connect via Bluetooth or cellular networks.