Visa Inc. (V) to Issue Quarterly Dividend of $0.67 on December 1st

Visa Inc. (NYSE:V) announced a quarterly dividend on Tuesday, October 28th. Investors of record on Wednesday, November 12th will be paid a dividend of 0.67 per share by the credit-card processor on Monday, December 1st. This represents a c) dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Wednesday, November 12th. This is a 13.6% increase from Visa’s previous quarterly dividend of $0.59.

Visa has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 17 years. Visa has a payout ratio of 21.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Visa to earn $12.73 per share next year, which means the company should continue to be able to cover its $2.68 annual dividend with an expected future payout ratio of 21.1%.

Visa Trading Down 0.3%

Shares of V opened at $335.91 on Monday. The company has a market capitalization of $615.66 billion, a PE ratio of 32.90, a price-to-earnings-growth ratio of 2.03 and a beta of 0.87. The stock has a fifty day moving average of $343.52 and a two-hundred day moving average of $348.84. Visa has a fifty-two week low of $299.00 and a fifty-two week high of $375.51. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.08 and a current ratio of 1.08.

Visa (NYSE:V) last posted its quarterly earnings results on Tuesday, October 28th. The credit-card processor reported $2.98 EPS for the quarter, beating the consensus estimate of $2.97 by $0.01. Visa had a return on equity of 60.31% and a net margin of 50.15%.The company had revenue of $10.72 billion during the quarter, compared to analysts’ expectations of $10.60 billion. During the same quarter in the previous year, the business earned $2.71 EPS. The firm’s revenue was up 11.5% on a year-over-year basis. As a group, analysts forecast that Visa will post 11.3 EPS for the current year.

Visa Company Profile

Visa Inc operates as a payment technology company in the United States and internationally. The company operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions. It also offers credit, debit, and prepaid card products; tap to pay, tokenization, and click to pay services; Visa Direct, a solution that facilitates the delivery of funds to eligible cards, deposit accounts, and digital wallets; Visa B2B Connect, a multilateral business-to-business cross-border payments network; Visa Cross-Border Solution, a cross-border consumer payments solution; and Visa DPS that provides a range of value-added services, including fraud mitigation, dispute management, data analytics, campaign management, a suite of digital solutions, and contact center services.