PagSeguro Digital Ltd. (PAGS) to Distribute Quarterly Dividend of $0.28 on September 30th

PagSeguro Digital Ltd. (NYSE:PAGS) declared a quarterly dividend on Tuesday, August 11th. Stockholders of record on Wednesday, September 16th will be paid a dividend of 0.28 per share on Wednesday, September 30th. This represents a c) annualized dividend and a dividend yield of 11.1%. The ex-dividend date of this dividend is Wednesday, September 16th. This is a 7.7% increase from PagSeguro Digital’s previous quarterly dividend of $0.26.

PagSeguro Digital has a payout ratio of 75.2% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Research analysts expect PagSeguro Digital to earn $1.85 per share next year, which means the company should continue to be able to cover its $1.12 annual dividend with an expected future payout ratio of 60.5%.

PagSeguro Digital Stock Up 0.0%

Shares of PagSeguro Digital stock opened at $10.12 on Monday. PagSeguro Digital has a 12-month low of $8.42 and a 12-month high of $12.32. The firm has a market cap of $2.83 billion, a PE ratio of 7.08, a price-to-earnings-growth ratio of 0.40 and a beta of 1.29. The company’s fifty day simple moving average is $9.24 and its two-hundred day simple moving average is $9.56.

PagSeguro Digital (NYSE:PAGS) last issued its quarterly earnings data on Tuesday, August 11th. The company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.02. The firm had revenue of $942.97 million for the quarter, compared to analyst estimates of $1 billion. PagSeguro Digital had a return on equity of 16.36% and a net margin of 10.46%. As a group, sell-side analysts expect that PagSeguro Digital will post 1.67 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. UBS Group cut their target price on shares of PagSeguro Digital from $14.00 to $12.50 and set a “buy” rating on the stock in a research note on Friday, July 17th. Bank of America cut PagSeguro Digital from a “buy” rating to a “neutral” rating and set a $10.00 target price for the company. in a research note on Wednesday, July 15th. Weiss Ratings downgraded PagSeguro Digital from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, June 23rd. Finally, Jefferies Financial Group started coverage on PagSeguro Digital in a research report on Thursday, July 23rd. They set a “hold” rating and a $10.40 price objective for the company. Two analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, PagSeguro Digital presently has a consensus rating of “Hold” and an average price target of $10.98.

PagSeguro Digital Company Profile

PagSeguro Digital Ltd., operating under the PagBank brand, is a Brazilian financial technology company that provides payment-processing and digital banking services. The company serves individual consumers, self-employed professionals, microbusinesses and small and medium-sized enterprises, with a focus on expanding access to electronic payments and financial services in Brazil.

Its offerings include point-of-sale payment terminals, online payment acceptance, mobile payment tools, QR code and Pix transactions, digital accounts, payment cards, personal and business loans, and other financial products.