Visa Inc. (NYSE:V) Plans $0.67 Quarterly Dividend

Visa Inc. (NYSE:V) announced a quarterly dividend on Tuesday, July 28th. Shareholders of record on Tuesday, August 11th will be paid a dividend of 0.67 per share by the credit-card processor on Tuesday, September 1st. This represents a c) annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Tuesday, August 11th.

Visa has raised its dividend by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 17 years. Visa has a dividend payout ratio of 21.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Visa to earn $14.88 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 18.0%.

Visa Price Performance

Shares of NYSE V traded up $3.05 on Wednesday, hitting $369.64. The company’s stock had a trading volume of 2,154,014 shares, compared to its average volume of 7,946,860. The stock has a 50 day moving average of $338.90 and a 200-day moving average of $325.25. The company has a market capitalization of $663.05 billion, a price-to-earnings ratio of 32.15, a price-to-earnings-growth ratio of 1.93 and a beta of 0.75. Visa has a 12-month low of $293.89 and a 12-month high of $371.16. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.09 and a quick ratio of 1.09.

Visa (NYSE:V) last issued its quarterly earnings data on Tuesday, July 28th. The credit-card processor reported $3.32 earnings per share for the quarter, topping analysts’ consensus estimates of $3.23 by $0.09. Visa had a net margin of 51.68% and a return on equity of 65.00%. The business had revenue of $11.63 billion during the quarter, compared to analysts’ expectations of $11.40 billion. During the same period last year, the company posted $2.98 EPS. The company’s revenue was up 14.4% on a year-over-year basis. As a group, research analysts predict that Visa will post 13.12 EPS for the current year.

Wall Street Analyst Weigh In

V has been the subject of several recent research reports. BMO Capital Markets reissued an “outperform” rating and set a $387.00 price target (up from $375.00) on shares of Visa in a research report on Wednesday, July 15th. Sanford C. Bernstein restated an “outperform” rating and issued a $450.00 price objective on shares of Visa in a research report on Tuesday, June 2nd. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $410.00 price objective on shares of Visa in a research note on Wednesday. Clear Str upgraded Visa to a “strong-buy” rating in a research report on Thursday, July 16th. Finally, Citigroup reissued a “buy” rating and issued a $440.00 target price (up from $400.00) on shares of Visa in a research note on Wednesday. Eight investment analysts have rated the stock with a Strong Buy rating and twenty-three have issued a Buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $410.31.

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.