Viad (VVI) to Issue Quarterly Dividend of $0.10
Viad (NYSE:VVI) declared a quarterly dividend on Thursday, May 17th, RTT News reports. Stockholders of record on Friday, June 1st will be given a dividend of 0.10 per share by the business services provider on Monday, July 2nd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.79%.
Viad has a dividend payout ratio of 15.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Viad to earn $3.01 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 13.3%.
NYSE VVI opened at $50.60 on Friday. The company has a quick ratio of 0.54, a current ratio of 0.59 and a debt-to-equity ratio of 0.12. The company has a market cap of $1.04 billion, a PE ratio of 28.22 and a beta of 0.61. Viad has a one year low of $50.65 and a one year high of $50.90.
In related news, Director Joshua Schechter purchased 1,000 shares of the stock in a transaction that occurred on Wednesday, May 2nd. The stock was bought at an average cost of $50.50 per share, for a total transaction of $50,500.00. Following the completion of the transaction, the director now directly owns 27,038 shares in the company, valued at $1,365,419. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 2.00% of the stock is owned by company insiders.
A number of analysts recently issued reports on the company. Zacks Investment Research downgraded Viad from a “hold” rating to a “sell” rating in a research report on Friday, May 4th. ValuEngine upgraded Viad from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st.
Viad Company Profile
Viad Corp operates as an experiential services company in the United States, Canada, the United Kingdom, continental Europe, and the United Arab Emirates. The company operates in two business groups, GES and Pursuit. It offers event planning and production, look and feel design, layout and floor plan designs, furnishings and carpet, show traffic analysis, marketing and strategy, electrical distribution, cleaning, plumbing, overhead and booth rigging, and material handling services; and signage products and common area structures.
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