Visa Inc (NYSE:V) declared a quarterly dividend on Tuesday, April 18th. Shareholders of record on Friday, May 19th will be given a dividend of 0.165 per share by the credit-card processor on Tuesday, June 6th. This represents a $0.66 dividend on an annualized basis and a yield of 0.74%.

Visa has increased its dividend by an average of 19.0% per year over the last three years and has increased its dividend annually for the last 8 consecutive years. Visa has a payout ratio of 19.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Visa to earn $3.86 per share next year, which means the company should continue to be able to cover its $0.66 annual dividend with an expected future payout ratio of 17.1%.

Visa (NYSE:V) traded down 0.09% on Tuesday, reaching $89.73. 6,822,763 shares of the company’s stock were exchanged. Visa has a one year low of $73.25 and a one year high of $92.05. The firm has a market cap of $208.54 billion, a PE ratio of 34.78 and a beta of 1.00. The firm has a 50 day moving average price of $89.05 and a 200 day moving average price of $83.61.

Visa (NYSE:V) last issued its quarterly earnings data on Thursday, February 2nd. The credit-card processor reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.08. The business had revenue of $4.46 billion for the quarter, compared to analysts’ expectations of $4.29 billion. Visa had a net margin of 38.30% and a return on equity of 26.48%. The business’s revenue was up 25.1% on a year-over-year basis. During the same quarter last year, the company earned $0.69 EPS. On average, equities analysts anticipate that Visa will post $3.32 earnings per share for the current year.

Dividend History for Visa (NYSE:V)

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In related news, EVP William M. Sheedy sold 125,372 shares of the business’s stock in a transaction dated Monday, February 6th. The shares were sold at an average price of $85.74, for a total value of $10,749,395.28. Following the sale, the executive vice president now directly owns 365,769 shares in the company, valued at approximately $31,361,034.06. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP James H. Hoffmeister sold 11,139 shares of the business’s stock in a transaction dated Tuesday, February 7th. The shares were sold at an average price of $85.95, for a total transaction of $957,397.05. Following the completion of the sale, the senior vice president now owns 6,390 shares in the company, valued at $549,220.50. The disclosure for this sale can be found here. 0.14% of the stock is currently owned by insiders.

V has been the topic of a number of research analyst reports. Vetr raised shares of Visa from a “hold” rating to a “buy” rating and set a $85.57 price target on the stock in a research note on Monday, January 23rd. Stifel Nicolaus dropped their price target on shares of Visa from $105.00 to $93.00 and set a “buy” rating on the stock in a research note on Friday, February 3rd. Jefferies Group LLC reissued a “buy” rating and issued a $93.00 price target on shares of Visa in a research note on Friday, February 3rd. Loop Capital initiated coverage on shares of Visa in a research note on Tuesday, February 14th. They issued a “buy” rating and a $98.00 price target on the stock. Finally, Zacks Investment Research raised shares of Visa from a “hold” rating to a “buy” rating and set a $96.00 price target on the stock in a research note on Tuesday, February 7th. Two analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the company. Visa currently has a consensus rating of “Buy” and an average price target of $93.19.

About Visa

Visa Inc (Visa) is a payments technology company that connects consumers, merchants, financial institutions, businesses, strategic partners and government entities to electronic payments. The Company operates through payment services segment. The Company enables global commerce through the transfer of value and information among the participants.

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