Vistra Corp. (NYSE:VST) Raises Dividend to $0.23 Per Share

Vistra Corp. (NYSE:VSTGet Free Report) declared a quarterly dividend on Thursday, April 30th. Stockholders of record on Monday, June 22nd will be given a dividend of 0.229 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Monday, June 22nd. This is a 0.4% increase from Vistra’s previous quarterly dividend of $0.23.

Vistra has increased its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 6 consecutive years. Vistra has a payout ratio of 11.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Vistra to earn $11.08 per share next year, which means the company should continue to be able to cover its $0.91 annual dividend with an expected future payout ratio of 8.2%.

Vistra Stock Up 0.8%

Vistra stock traded up $1.20 during trading on Friday, hitting $159.04. 612,557 shares of the company were exchanged, compared to its average volume of 5,030,716. The company has a market capitalization of $53.84 billion, a P/E ratio of 73.23, a PEG ratio of 0.93 and a beta of 1.49. The business’s 50 day moving average is $159.99 and its 200 day moving average is $168.18. Vistra has a 52 week low of $133.73 and a 52 week high of $219.82. The company has a current ratio of 0.78, a quick ratio of 0.69 and a debt-to-equity ratio of 6.01.

Vistra (NYSE:VSTGet Free Report) last issued its quarterly earnings data on Thursday, February 26th. The company reported $2.18 earnings per share for the quarter, missing the consensus estimate of $2.45 by ($0.27). Vistra had a net margin of 5.32% and a return on equity of 81.09%. The company had revenue of $4.58 billion for the quarter, compared to the consensus estimate of $5.75 billion. Analysts predict that Vistra will post 8.72 earnings per share for the current year.

About Vistra

(Get Free Report)

Vistra (NYSE: VST) is an integrated power company that develops, owns and operates electricity generation and retail businesses in the United States. The company’s operations span wholesale power production—through a diversified fleet of thermal and lower‑carbon generation assets—and retail electricity supply to residential, commercial and industrial customers. Vistra serves organized wholesale markets and competitive retail markets, with a notable presence in Texas and other regional U.S. power markets.

Vistra’s core activities include the ownership and operation of generation facilities, the commercial dispatch and optimization of those assets into wholesale markets, and the sale of electricity and related services to end-use customers through its retail brands.

See Also

Dividend History for Vistra (NYSE:VST)

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