Visa Inc. (NYSE:V) to Issue $0.67 Quarterly Dividend

Visa Inc. (NYSE:V) announced a quarterly dividend on Thursday, January 29th. Shareholders of record on Tuesday, February 10th will be given a dividend of 0.67 per share by the credit-card processor on Monday, March 2nd. This represents a c) annualized dividend and a yield of 0.8%. The ex-dividend date is Tuesday, February 10th.

Visa has raised its dividend by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 17 years. Visa has a dividend payout ratio of 21.1% meaning its dividend is sufficiently covered by earnings. Equities 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 Stock Performance

Shares of Visa stock traded down $8.16 during trading hours on Friday, reaching $323.64. The company’s stock had a trading volume of 4,546,645 shares, compared to its average volume of 8,186,513. Visa has a one year low of $299.00 and a one year high of $375.51. The company’s 50 day simple moving average is $338.87 and its 200 day simple moving average is $341.79. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.08 and a current ratio of 1.08. The stock has a market cap of $589.59 billion, a P/E ratio of 31.70, a price-to-earnings-growth ratio of 1.92 and a beta of 0.81.

Visa (NYSE:V) last released its quarterly earnings data on Thursday, January 29th. The credit-card processor reported $3.17 earnings per share for the quarter, topping the consensus estimate of $3.14 by $0.03. The firm had revenue of $10.90 billion for the quarter, compared to analyst estimates of $10.69 billion. Visa had a net margin of 50.15% and a return on equity of 60.31%. Visa’s quarterly revenue was up 14.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.75 earnings per share. As a group, analysts expect that Visa will post 11.3 EPS for the current fiscal year.

About Visa

Visa Inc is a global payments technology company that facilitates electronic funds transfers and digital commerce by connecting consumers, merchants, financial institutions and governments. The firm operates one of the world’s largest payment networks, providing processing, authorization, clearing and settlement services for credit, debit and prepaid card transactions. Visa’s network-based model enables partner banks and other issuers to offer branded payment products while Visa focuses on the infrastructure, standards and technologies that move money securely and efficiently around the world.

Visa’s product and service portfolio includes card-based payment products for consumers and businesses, real-time push-payment capabilities, tokenization and authentication services, fraud and risk-management tools, data analytics and APIs for fintech and merchant integration.