Evertec, Inc. (NYSE:EVTC) Announces $0.05 Quarterly Dividend

Evertec, Inc. (NYSE:EVTC) declared a quarterly dividend on Thursday, February 19th. Investors of record on Monday, March 2nd will be paid a dividend of 0.05 per share by the business services provider on Friday, March 6th. This represents a c) annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Monday, March 2nd.

Evertec has a payout ratio of 5.6% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Evertec to earn $2.70 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 7.4%.

Evertec Stock Performance

EVTC traded up $0.21 during trading on Friday, reaching $27.31. 27,284 shares of the company’s stock were exchanged, compared to its average volume of 410,601. The company has a market capitalization of $1.75 billion, a P/E ratio of 12.15, a PEG ratio of 1.03 and a beta of 0.86. The company has a quick ratio of 2.91, a current ratio of 2.91 and a debt-to-equity ratio of 1.59. The business has a 50 day moving average price of $28.87 and a 200 day moving average price of $30.99. Evertec has a fifty-two week low of $25.83 and a fifty-two week high of $38.56.

About Evertec

Evertec, Inc (NYSE: EVTC) is a leading full‐service transaction processor in Puerto Rico, Latin America and the Caribbean. The company delivers integrated technology solutions for electronic payments, providing financial institutions, merchants and governments with secure and scalable platforms to accept, process and settle transactions across card, ATM, debit and digital channels. Headquartered in San Juan, Puerto Rico, Evertec supports both domestic and cross‐border payment flows, enabling clients to streamline operations and expand their digital commerce capabilities.

Evertec’s suite of services includes merchant acquiring, payment gateway connectivity, ATM and point‐of‐sale network management, and fraud prevention solutions.