Veralto Corporation (NYSE:VLTO) Increases Dividend to $0.13 Per Share

Veralto Corporation (NYSE:VLTO) announced a quarterly dividend on Tuesday, December 16th. Stockholders of record on Wednesday, December 31st will be paid a dividend of 0.13 per share on Friday, January 30th. This represents a c) annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Wednesday, December 31st. This is a 18.2% increase from Veralto’s previous quarterly dividend of $0.11.

Veralto has a payout ratio of 11.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Veralto to earn $3.99 per share next year, which means the company should continue to be able to cover its $0.44 annual dividend with an expected future payout ratio of 11.0%.

Veralto Stock Down 0.4%

Shares of NYSE:VLTO opened at $99.86 on Wednesday. The company has a market cap of $24.79 billion, a price-to-earnings ratio of 27.19, a PEG ratio of 3.13 and a beta of 0.87. Veralto has a 12 month low of $83.86 and a 12 month high of $110.11. The company has a current ratio of 1.57, a quick ratio of 1.40 and a debt-to-equity ratio of 0.69. The company has a 50-day moving average price of $100.63 and a 200 day moving average price of $102.85.

Veralto (NYSE:VLTO) last issued its quarterly earnings data on Tuesday, October 28th. The company reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.04. The business had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.40 billion. Veralto had a return on equity of 38.69% and a net margin of 16.75%.The company’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.89 earnings per share. Veralto has set its FY 2025 guidance at 3.820-3.850 EPS and its Q4 2025 guidance at 0.950-0.980 EPS. As a group, equities research analysts predict that Veralto will post 3.66 earnings per share for the current year.

Veralto Company Profile

Veralto Corporation provides water analytics, water treatment, marking and coding, and packaging and color services worldwide. It operates through two segments, Water Quality (WQ) and Product Quality & Innovation (PQI). The WQ segment offers precision instrumentation and water treatment technologies to measure, analyze, and treat water in residential, commercial, municipal, industrial, research, and natural resource applications through the Hach, Trojan Technologies, and ChemTreat brands.