VeriSign, Inc. Announces Quarterly Dividend of $0.81 (NASDAQ:VRSN)

VeriSign, Inc. (NASDAQ:VRSN) declared a quarterly dividend on Monday, July 20th. Investors of record on Wednesday, August 19th will be given a dividend of 0.81 per share by the information services provider on Thursday, August 27th. This represents a c) annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Wednesday, August 19th.

VeriSign has a payout ratio of 34.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect VeriSign to earn $10.71 per share next year, which means the company should continue to be able to cover its $3.24 annual dividend with an expected future payout ratio of 30.3%.

VeriSign Stock Performance

NASDAQ VRSN opened at $284.24 on Monday. The business has a fifty day moving average price of $273.27 and a 200 day moving average price of $263.65. The company has a market cap of $25.67 billion, a P/E ratio of 30.83 and a beta of 0.70. VeriSign has a one year low of $208.86 and a one year high of $312.48.

VeriSign (NASDAQ:VRSN) last announced its earnings results on Thursday, July 23rd. The information services provider reported $2.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.36 by $0.02. VeriSign had a net margin of 49.76% and a negative return on equity of 39.20%. The company had revenue of $434.60 million for the quarter, compared to analysts’ expectations of $433.19 million. During the same quarter in the previous year, the company posted $2.21 EPS. The firm’s quarterly revenue was up 6.0% on a year-over-year basis. As a group, sell-side analysts predict that VeriSign will post 9.56 EPS for the current fiscal year.

About VeriSign

VeriSign, Inc (NASDAQ: VRSN) is an internet infrastructure company that operates critical components of the global Domain Name System (DNS) and provides cybersecurity-related services. The company is best known as the authoritative registry operator for the .com and .net top-level domains, maintaining the central databases and zone files that enable domain name resolution for millions of websites. VeriSign’s registry role is performed under contractual agreements with Internet Corporation for Assigned Names and Numbers (ICANN) and involves high-availability, highly secure operations to support continuous internet connectivity.

In addition to its registry business, VeriSign offers a suite of services designed to protect and accelerate DNS and internet traffic for enterprises and service providers.