VeriSign, Inc. (VRSN) to Issue Quarterly Dividend of $0.77 on November 25th

VeriSign, Inc. (NASDAQ:VRSN) declared a quarterly dividend on Thursday, October 23rd. Stockholders of record on Tuesday, November 18th will be paid a dividend of 0.77 per share by the information services provider on Tuesday, November 25th. This represents a c) dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Tuesday, November 18th.

VeriSign has a dividend payout ratio of 32.7% meaning its dividend is sufficiently covered by earnings.

VeriSign Stock Down 1.4%

VRSN stock opened at $247.08 on Friday. The firm has a market cap of $23.08 billion, a price-to-earnings ratio of 28.80 and a beta of 0.79. The company’s fifty day simple moving average is $273.69 and its 200 day simple moving average is $274.47. VeriSign has a 12-month low of $175.62 and a 12-month high of $310.60.

VeriSign (NASDAQ:VRSN) last issued its quarterly earnings results on Thursday, October 23rd. The information services provider reported $2.27 EPS for the quarter, beating analysts’ consensus estimates of $2.25 by $0.02. The business had revenue of $419.10 million for the quarter, compared to analysts’ expectations of $416.71 million. VeriSign had a net margin of 49.86% and a negative return on equity of 41.04%. The business’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.07 earnings per share. VeriSign has set its FY 2025 guidance at EPS.

VeriSign announced that its Board of Directors has approved a share buyback plan on Thursday, July 24th that permits the company to buyback $1.11 billion in outstanding shares. This buyback authorization permits the information services provider to buy up to 4.1% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its stock is undervalued.

About VeriSign

VeriSign, Inc, together with its subsidiaries, provides domain name registry services and internet infrastructure that enables internet navigation for various recognized domain names worldwide. The company enables the security, stability, and resiliency of internet infrastructure and services, including providing root zone maintainer services, operating two of thirteen internet root servers; and offering registration services and authoritative resolution for the .com and .net domains, which supports global e-commerce.