Visa Inc (V) To Go Ex-Dividend on August 15th

Share on StockTwits

Visa Inc (NYSE:V) declared a quarterly dividend on Wednesday, July 17th, RTT News reports. Investors of record on Friday, August 16th will be given a dividend of 0.25 per share by the credit-card processor on Tuesday, September 3rd. This represents a $1.00 annualized dividend and a yield of 0.57%. The ex-dividend date is Thursday, August 15th.

Visa has raised its dividend by an average of 20.7% per year over the last three years and has raised its dividend annually for the last 10 consecutive years. Visa has a payout ratio of 21.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Visa to earn $6.24 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 16.0%.

V opened at $176.34 on Tuesday. The firm’s 50 day simple moving average is $177.85. The company has a market cap of $355.22 billion, a price-to-earnings ratio of 38.25, a price-to-earnings-growth ratio of 2.00 and a beta of 0.96. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.69 and a quick ratio of 1.69. Visa has a one year low of $121.60 and a one year high of $184.07.

Visa (NYSE:V) last released its quarterly earnings results on Tuesday, July 23rd. The credit-card processor reported $1.37 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.04. The business had revenue of $5.84 billion during the quarter, compared to analyst estimates of $5.70 billion. Visa had a return on equity of 41.04% and a net margin of 53.43%. Visa’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.20 EPS. On average, analysts anticipate that Visa will post 5.4 earnings per share for the current fiscal year.

Several brokerages have recently issued reports on V. Cantor Fitzgerald reissued a “buy” rating and issued a $181.00 target price on shares of Visa in a research report on Sunday, April 28th. Bank of America raised their price objective on Visa from $177.00 to $192.00 and gave the company a “buy” rating in a research report on Monday, June 17th. Credit Suisse Group raised their price objective on Visa from $200.00 to $203.00 and gave the company an “outperform” rating in a research report on Wednesday, July 24th. Deutsche Bank raised their price objective on Visa from $177.00 to $225.00 and gave the company a “buy” rating in a research report on Thursday, July 11th. Finally, Wells Fargo & Co raised their price objective on Visa from $181.00 to $200.00 and gave the company an “outperform” rating in a research report on Wednesday, July 10th. Two research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $195.46.

In other Visa news, Director Lloyd Carney sold 3,500 shares of the firm’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $182.73, for a total transaction of $639,555.00. Following the sale, the director now directly owns 3,452 shares of the company’s stock, valued at $630,783.96. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Denise M. Morrison purchased 1,000 shares of the firm’s stock in a transaction on Tuesday, August 6th. The shares were acquired at an average cost of $171.13 per share, for a total transaction of $171,130.00. Following the completion of the acquisition, the director now owns 3,223 shares of the company’s stock, valued at $551,551.99. The disclosure for this purchase can be found here. Company insiders own 0.17% of the company’s stock.

About Visa

Visa Inc operates as a payments technology company worldwide. The company facilitates commerce through the transfer of value and information among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a processing network that enables authorization, clearing, and settlement of payment transactions; and offers fraud protection for account holders and assured payment for merchants.

Featured Story: Percentage Decliners

Dividend History for Visa (NYSE:V)

Receive News & Ratings for Visa Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Visa and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Lido Advisors LLC Takes $230,000 Position in ISHARES TR/CORE DIVID GR ETF
Lido Advisors LLC Takes $230,000 Position in ISHARES TR/CORE DIVID GR ETF
Energy Income Partners LLC Buys 39,795 Shares of Mplx Lp
Energy Income Partners LLC Buys 39,795 Shares of Mplx Lp
Chesapeake Utilities Co.  Stock Position Decreased by Energy Income Partners LLC
Chesapeake Utilities Co. Stock Position Decreased by Energy Income Partners LLC
Family Management Corp Sells 4,840 Shares of Nuveen Municipal Value Fund Inc
Family Management Corp Sells 4,840 Shares of Nuveen Municipal Value Fund Inc
Energy Income Partners LLC Sells 21,934 Shares of IDACORP Inc
Energy Income Partners LLC Sells 21,934 Shares of IDACORP Inc
PGIM Global Short Duration Hgh Yd Fd Inc  Shares Bought by Family Management Corp
PGIM Global Short Duration Hgh Yd Fd Inc Shares Bought by Family Management Corp


© 2006-2019 Ticker Report