Visteon Corporation (NASDAQ:VC) Announces $0.38 Quarterly Dividend

Visteon Corporation (NASDAQ:VC) declared a quarterly dividend on Monday, August 17th. Investors of record on Tuesday, September 1st will be given a dividend of 0.375 per share on Tuesday, September 15th. This represents a c) annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Tuesday, September 1st.

Visteon has a dividend payout ratio of 17.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect Visteon to earn $10.49 per share next year, which means the company should continue to be able to cover its $1.50 annual dividend with an expected future payout ratio of 14.3%.

Visteon Price Performance

VC stock traded down $0.42 during midday trading on Monday, reaching $107.80. The company had a trading volume of 305,798 shares, compared to its average volume of 583,577. The company has a market capitalization of $2.88 billion, a P/E ratio of 14.09, a P/E/G ratio of 0.70 and a beta of 1.29. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.78 and a quick ratio of 1.45. Visteon has a 1 year low of $83.49 and a 1 year high of $129.10. The firm has a 50-day moving average price of $107.64 and a 200-day moving average price of $103.14.

Visteon (NASDAQ:VC) last released its quarterly earnings results on Thursday, July 23rd. The company reported $1.91 earnings per share for the quarter, missing analysts’ consensus estimates of $2.21 by ($0.30). The firm had revenue of $960.00 million for the quarter, compared to analysts’ expectations of $955.78 million. Visteon had a net margin of 5.58% and a return on equity of 14.61%. The company’s revenue for the quarter was down .9% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.39 EPS. On average, research analysts anticipate that Visteon will post 8.41 earnings per share for the current fiscal year.

Visteon Company Profile

Visteon Corporation is a global automotive electronics supplier that specializes in designing, engineering and manufacturing cockpit electronics and connected vehicle solutions. The company’s product portfolio spans digital instrument clusters, infotainment systems, domain controllers and advanced driver interaction technologies. By integrating hardware, software and services, Visteon aims to deliver complete cockpit electronics platforms that enhance driver experience, safety and connectivity.

Founded in 2000 as a spin-off from Ford Motor Company, Visteon has evolved its focus toward next-generation electronics and software-driven vehicle architectures.