Visa Inc. (V) To Go Ex-Dividend on November 10th

Visa Inc. (NYSE:V) declared a quarterly dividend on Tuesday, October 27th. Shareholders of record on Tuesday, November 10th will be paid a dividend of $0.78 per share by the credit-card processor on Tuesday, December 1st. This represents a $3.12 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Tuesday, November 10th. This is a 16.4% increase from Visa’s previous quarterly dividend of $0.67.

Visa has increased its dividend payment by an average of 0.1% per year over the last three years and has increased its dividend every year for the last 17 years. Visa has a dividend payout ratio of 24.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Visa to earn $17.01 per share next year, which means the company should continue to be able to cover its $3.12 annual dividend with an expected future payout ratio of 18.3%.

Visa Stock Performance

Shares of V stock opened at $422.76 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 0.97. Visa has a fifty-two week low of $293.89 and a fifty-two week high of $442.23. The stock has a 50 day moving average price of $385.86 and a two-hundred day moving average price of $344.69. The company has a market capitalization of $754.39 billion, a P/E ratio of 34.29, a PEG ratio of 1.80 and a beta of 0.80.

Visa (NYSE:V) last issued its earnings results on Tuesday, October 27th. The credit-card processor reported $3.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.44 by $0.04. Visa had a net margin of 51.20% and a return on equity of 70.50%. The firm had revenue of $12.14 billion for the quarter, compared to analysts’ expectations of $12.09 billion. During the same quarter last year, the business earned $2.98 earnings per share. The business’s revenue was up 13.2% on a year-over-year basis. Analysts expect that Visa will post 15.02 earnings per share for the current year.

Analyst Ratings Changes

V has been the subject of a number of recent analyst reports. President Capital upped their price target on shares of Visa from $411.00 to $474.00 and gave the company a “buy” rating in a report on Monday, August 17th. Clear Str raised shares of Visa to a “strong-buy” rating in a report on Thursday, July 16th. The Goldman Sachs Group raised their price target on shares of Visa from $420.00 to $438.00 and gave the stock a “buy” rating in a report on Wednesday, July 29th. Piper Sandler restated an “overweight” rating and issued a $479.00 price objective (up from $430.00) on shares of Visa in a research report on Wednesday, October 28th. Finally, Oppenheimer upped their price objective on shares of Visa from $403.00 to $440.00 and gave the company an “outperform” rating in a research note on Wednesday, October 28th. Two equities research analysts have rated the stock with a Strong Buy rating and thirty-five have assigned a Buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $440.82.

Visa Company Profile

Visa Inc operates a global payments network that connects consumers, merchants, financial institutions and governments. Its network supports the authorization, clearing and settlement of electronic payments, including transactions made in person and online.

The company’s services include payment processing, fraud prevention, identity and risk management, and money-transfer solutions such as Visa Direct. Visa-branded credit, debit and prepaid cards are issued by participating financial institutions; Visa generally provides the network and related services rather than issuing cards or extending credit directly to consumers.

Visa traces its roots to BankAmericard, a bank card program launched in California in 1958.