Evertec, Inc. (NYSE:EVTC) to Issue Quarterly Dividend of $0.05

Evertec, Inc. (NYSE:EVTC) announced a quarterly dividend on Thursday, October 29th. Investors of record on Monday, November 9th will be given a dividend of $0.05 per share by the business services provider on Friday, December 4th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Monday, November 9th.

Evertec has a payout ratio of 5.6% indicating that its dividend is sufficiently covered by earnings. Analysts expect Evertec to earn $3.84 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 5.2%.

Evertec Price Performance

Shares of NYSE:EVTC opened at $31.01 on Friday. The company has a market capitalization of $1.85 billion, a PE ratio of 20.13, a price-to-earnings-growth ratio of 0.89 and a beta of 0.72. The company has a debt-to-equity ratio of 1.89, a quick ratio of 1.70 and a current ratio of 1.70. The stock has a fifty day moving average of $29.55 and a 200-day moving average of $28.39. Evertec has a one year low of $21.81 and a one year high of $34.41.

Evertec (NYSE:EVTC) last released its earnings results on Tuesday, August 4th. The business services provider reported $1.05 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.10. Evertec had a net margin of 9.80% and a return on equity of 32.07%. The business had revenue of $274.82 million for the quarter, compared to the consensus estimate of $262.24 million. During the same period last year, the firm posted $0.89 earnings per share. The firm’s quarterly revenue was up 19.7% compared to the same quarter last year. Evertec has set its FY 2026 guidance at 3.940-4.040 EPS. As a group, equities analysts anticipate that Evertec will post 3.53 EPS for the current fiscal year.

Evertec Company Profile

Evertec, Inc is a payment processing and financial technology company that provides transaction-processing services and business technology solutions to financial institutions, merchants, government agencies and other organizations. The company operates through businesses that support electronic payments, merchant acquiring, payment networks and related financial services.

Its products and services include debit and credit card processing, point-of-sale and e-commerce payment acceptance, automated teller machine processing, prepaid services, electronic bill payment and money transfer solutions.