Visteon Corporation (VC) To Go Ex-Dividend on June 1st

Visteon Corporation (NASDAQ:VC) announced a quarterly dividend on Monday, May 18th. Stockholders of record on Monday, June 1st will be given a dividend of 0.375 per share on Monday, June 15th. This represents a c) dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Monday, June 1st.

Visteon has a payout ratio of 17.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect Visteon to earn $9.79 per share next year, which means the company should continue to be able to cover its $1.50 annual dividend with an expected future payout ratio of 15.3%.

Visteon Stock Performance

VC opened at $118.29 on Friday. The stock has a market cap of $3.16 billion, a PE ratio of 14.41, a P/E/G ratio of 1.50 and a beta of 1.26. The company has a current ratio of 1.73, a quick ratio of 1.43 and a debt-to-equity ratio of 0.17. Visteon has a 1 year low of $81.18 and a 1 year high of $129.10. The stock’s 50 day simple moving average is $102.53 and its 200-day simple moving average is $99.64.

Visteon (NASDAQ:VC) last released its quarterly earnings data on Thursday, April 23rd. The company reported $1.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.96 by ($0.31). The firm had revenue of $954.00 million for the quarter, compared to the consensus estimate of $901.33 million. Visteon had a net margin of 5.99% and a return on equity of 15.93%. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.47 earnings per share. Sell-side analysts forecast that Visteon will post 8.54 EPS for the current year.

Visteon Company Profile

Visteon Corporation is a global automotive electronics supplier that specializes in designing, engineering and manufacturing cockpit electronics and connected vehicle solutions. The company’s product portfolio spans digital instrument clusters, infotainment systems, domain controllers and advanced driver interaction technologies. By integrating hardware, software and services, Visteon aims to deliver complete cockpit electronics platforms that enhance driver experience, safety and connectivity.

Founded in 2000 as a spin-off from Ford Motor Company, Visteon has evolved its focus toward next-generation electronics and software-driven vehicle architectures.