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

Visa Inc. (NYSE:VGet Free Report) declared a quarterly dividend on Tuesday, April 28th. Investors of record on Tuesday, May 12th will be paid a dividend of 0.67 per share by the credit-card processor on Monday, June 1st. This represents a c) dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Tuesday, May 12th.

Visa has increased its dividend payment 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 payout ratio of 21.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Visa to earn $14.54 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 18.4%.

Visa Price Performance

NYSE:V opened at $309.34 on Wednesday. The firm’s fifty day moving average price is $309.59 and its two-hundred day moving average price is $327.33. The company has a market cap of $561.51 billion, a P/E ratio of 29.02, a P/E/G ratio of 1.78 and a beta of 0.80. Visa has a one year low of $293.89 and a one year high of $375.51. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.11 and a quick ratio of 1.11.

Visa (NYSE:VGet Free Report) last posted its quarterly earnings data on Tuesday, April 28th. The credit-card processor reported $3.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.10 by $0.21. Visa had a net margin of 50.23% and a return on equity of 61.74%. The firm had revenue of $11.23 billion during the quarter, compared to the consensus estimate of $10.74 billion. During the same quarter in the previous year, the firm posted $2.76 EPS. The business’s revenue for the quarter was up 17.1% compared to the same quarter last year. Equities analysts expect that Visa will post 12.84 earnings per share for the current year.

Visa News Summary

Here are the key news stories impacting Visa this week:

Visa Company Profile

(Get Free Report)

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.

See Also

Dividend History for Visa (NYSE:V)

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