Evertec, Inc. (EVTC) to Issue Quarterly Dividend of $0.05 on June 5th

Evertec, Inc. (NYSE:EVTC) declared a quarterly dividend on Thursday, April 30th. Shareholders of record on Monday, May 11th will be given a dividend of 0.05 per share by the business services provider on Friday, June 5th. This represents a c) dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Monday, May 11th.

Evertec has a dividend payout ratio of 5.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Evertec to earn $3.71 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 5.4%.

Evertec Trading Down 1.1%

EVTC stock opened at $29.19 on Friday. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 1.69. Evertec has a twelve month low of $24.95 and a twelve month high of $38.56. The stock has a market capitalization of $1.80 billion, a price-to-earnings ratio of 13.33, a price-to-earnings-growth ratio of 1.12 and a beta of 0.84. The firm’s fifty day simple moving average is $28.61 and its two-hundred day simple moving average is $28.91.

Evertec (NYSE:EVTC) last posted its quarterly earnings data on Tuesday, March 3rd. The business services provider reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.02. Evertec had a net margin of 15.19% and a return on equity of 33.27%. The business had revenue of $244.83 million for the quarter, compared to analysts’ expectations of $236.83 million. During the same quarter in the previous year, the business posted $0.87 earnings per share. The business’s revenue was up 13.1% compared to the same quarter last year. As a group, analysts anticipate that Evertec will post 3.4 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on EVTC shares. Wall Street Zen upgraded shares of Evertec from a “hold” rating to a “buy” rating in a research report on Saturday, February 28th. Zacks Research cut shares of Evertec from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 20th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Evertec in a research note on Friday, March 27th. Two research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $35.80.

Evertec Company Profile

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.