Vistra Corp. (NYSE:VST) Announces Quarterly Dividend of $0.23

Vistra Corp. (NYSE:VST) announced a quarterly dividend on Thursday, October 29th. Stockholders of record on Tuesday, December 22nd will be given a dividend of $0.2310 per share on Thursday, December 31st. This represents a $0.92 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Tuesday, December 22nd. This is a 0.4% increase from Vistra’s previous quarterly dividend of $0.23.

Vistra has raised its dividend payment by an average of 0.1% per year over the last three years and has increased its dividend annually for the last 6 consecutive years. Vistra has a payout ratio of 11.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Vistra to earn $10.56 per share next year, which means the company should continue to be able to cover its $0.92 annual dividend with an expected future payout ratio of 8.7%.

Vistra Trading Down 1.5%

Shares of VST opened at $140.63 on Friday. The company has a market capitalization of $47.20 billion, a PE ratio of 23.76 and a beta of 1.38. The company has a debt-to-equity ratio of 5.87, a quick ratio of 0.87 and a current ratio of 0.97. Vistra has a fifty-two week low of $132.66 and a fifty-two week high of $198.82. The stock has a fifty day moving average of $145.09 and a two-hundred day moving average of $153.88.

Vistra (NYSE:VST) last released its earnings results on Friday, August 7th. The company reported $0.76 earnings per share for the quarter, missing the consensus estimate of $1.61 by ($0.85). The company had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $5.46 billion. Vistra had a return on equity of 108.68% and a net margin of 11.55%. As a group, analysts forecast that Vistra will post 9.13 EPS for the current year.

Key Stories Impacting Vistra

Here are the key news stories impacting Vistra this week:

• Positive Sentiment: Vistra declared a quarterly common-stock dividend of $0.231 per share, up 0.4% from $0.23 previously. The dividend is payable December 31 to shareholders of record December 22, representing an annualized $0.92 payout and an approximately 0.7% yield. Vistra Declares Dividend on Common Stock, Series B Preferred Stock, and Series C Preferred Stock
• Positive Sentiment: Despite trimming its target from $212 to $198, Wells Fargo maintained an “overweight” rating, implying substantial potential upside from recent trading levels. The reported analyst average price target is $202.43, which indicates that Wall Street’s longer-term outlook remains favorable. Wells Fargo Lowers Expectations for Vistra Vistra Average Price Target
• Neutral Sentiment: Vistra is scheduled to report quarterly earnings on Friday. The report is an important near-term catalyst, particularly after the company’s previous results missed consensus estimates for both earnings and revenue. Vistra Set to Post Quarterly Earnings
• Negative Sentiment: Shares declined following an analyst downgrade, adding to pressure from recent target cuts. Scotiabank also reduced its price target to $189 from $207, signaling more cautious near-term expectations even though the revised targets remain above the current share price. Vistra Shares Down Following Analyst Downgrade Scotiabank Adjusts Price Target on Vistra

Vistra Company Profile

Vistra Corp. (NYSE: VST) is an integrated energy company based in Irving, Texas. The company operates across electricity generation, power distribution support, energy marketing and retail electricity sales, serving residential, commercial and industrial customers primarily in the United States.

Vistra owns and operates a diverse portfolio of power generation and energy storage facilities. Its assets include natural gas, nuclear, coal and renewable generation, as well as battery storage projects.