VeriSign, Inc. Announces Quarterly Dividend of $0.81 (NASDAQ:VRSN)

VeriSign, Inc. (NASDAQ:VRSN) announced a quarterly dividend on Monday, July 20th. Investors of record on Wednesday, August 19th will be given a dividend of 0.81 per share by the information services provider on Thursday, August 27th. This represents a c) annualized dividend and a yield of 1.1%. The ex-dividend date is Wednesday, August 19th.

VeriSign has a dividend payout ratio of 34.4% meaning its dividend is sufficiently covered by earnings. Analysts expect VeriSign to earn $10.71 per share next year, which means the company should continue to be able to cover its $3.24 annual dividend with an expected future payout ratio of 30.3%.

VeriSign Stock Performance

Shares of VRSN stock opened at $284.24 on Monday. VeriSign has a twelve month low of $208.86 and a twelve month high of $312.48. The stock has a market cap of $25.67 billion, a P/E ratio of 30.83 and a beta of 0.70. The stock has a 50 day moving average of $273.27 and a 200 day moving average of $263.65.

VeriSign (NASDAQ:VRSN) last released its quarterly earnings data on Thursday, July 23rd. The information services provider reported $2.38 EPS for the quarter, topping the consensus estimate of $2.36 by $0.02. The business had revenue of $434.60 million for the quarter, compared to analyst estimates of $433.19 million. VeriSign had a negative return on equity of 39.20% and a net margin of 49.76%.The business’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.21 EPS. On average, research analysts predict that VeriSign will post 9.56 earnings per share for the current fiscal year.

VeriSign Company Profile

VeriSign, Inc (NASDAQ: VRSN) is an internet infrastructure company that operates critical components of the global Domain Name System (DNS) and provides cybersecurity-related services. The company is best known as the authoritative registry operator for the .com and .net top-level domains, maintaining the central databases and zone files that enable domain name resolution for millions of websites. VeriSign’s registry role is performed under contractual agreements with Internet Corporation for Assigned Names and Numbers (ICANN) and involves high-availability, highly secure operations to support continuous internet connectivity.

In addition to its registry business, VeriSign offers a suite of services designed to protect and accelerate DNS and internet traffic for enterprises and service providers.