VeriSign, Inc. (NASDAQ:VRSN) Announces $0.81 Quarterly Dividend

VeriSign, Inc. (NASDAQ:VRSN) announced a quarterly dividend on Monday, July 20th. Stockholders of record on Wednesday, August 19th will be given a dividend of 0.81 per share by the information services provider on Thursday, August 27th. This represents a c) dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Wednesday, August 19th.

VeriSign has a payout ratio of 34.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect VeriSign to earn $10.71 per share next year, which means the company should continue to be able to cover its $3.24 annual dividend with an expected future payout ratio of 30.3%.

VeriSign Price Performance

Shares of VeriSign stock opened at $284.24 on Monday. VeriSign has a 1 year low of $208.86 and a 1 year high of $312.48. The firm has a market cap of $25.67 billion, a price-to-earnings ratio of 30.83 and a beta of 0.70. The company has a 50-day moving average of $273.27 and a 200 day moving average of $263.65.

VeriSign (NASDAQ:VRSN) last posted its quarterly earnings data on Thursday, July 23rd. The information services provider reported $2.38 EPS for the quarter, topping the consensus estimate of $2.36 by $0.02. The business had revenue of $434.60 million for the quarter, compared to analyst estimates of $433.19 million. VeriSign had a net margin of 49.76% and a negative return on equity of 39.20%. VeriSign’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.21 earnings per share. On average, equities analysts anticipate that VeriSign will post 9.56 EPS for the current year.

VeriSign Company Profile

VeriSign, Inc (NASDAQ: VRSN) is an internet infrastructure company that operates critical components of the global Domain Name System (DNS) and provides cybersecurity-related services. The company is best known as the authoritative registry operator for the .com and .net top-level domains, maintaining the central databases and zone files that enable domain name resolution for millions of websites. VeriSign’s registry role is performed under contractual agreements with Internet Corporation for Assigned Names and Numbers (ICANN) and involves high-availability, highly secure operations to support continuous internet connectivity.

In addition to its registry business, VeriSign offers a suite of services designed to protect and accelerate DNS and internet traffic for enterprises and service providers.