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

Visa Inc. (NYSE:VGet Free Report) announced a quarterly dividend on Tuesday, April 28th. Shareholders of record on Tuesday, May 12th will be paid a dividend of 0.67 per share by the credit-card processor on Monday, June 1st. This represents a c) annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Tuesday, May 12th.

Visa has raised its dividend by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 17 years. Visa has a payout ratio of 21.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Visa to earn $14.54 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 18.4%.

Visa Trading Down 0.1%

Shares of V stock opened at $309.34 on Wednesday. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.51. The business has a 50-day moving average price of $309.59 and a two-hundred day moving average price of $327.33. Visa has a 12-month low of $293.89 and a 12-month high of $375.51. The firm has a market cap of $561.51 billion, a P/E ratio of 29.02, a price-to-earnings-growth ratio of 1.78 and a beta of 0.80.

Visa (NYSE:VGet Free Report) last issued its quarterly earnings results on Tuesday, April 28th. The credit-card processor reported $3.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.10 by $0.21. Visa had a return on equity of 61.74% and a net margin of 50.23%.The firm had revenue of $11.23 billion during the quarter, compared to analyst estimates of $10.74 billion. During the same quarter in the previous year, the company posted $2.76 earnings per share. The company’s revenue was up 17.1% compared to the same quarter last year. Equities analysts anticipate that Visa will post 12.84 EPS for the current fiscal year.

Visa News Roundup

Here are the key news stories impacting Visa this week:

Visa Company Profile

(Get Free Report)

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.

See Also

Dividend History for Visa (NYSE:V)

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