Visa Inc. (NYSE:V) declared a quarterly dividend on Tuesday, July 18th, RTT News reports. Shareholders of record on Friday, August 18th will be paid a dividend of 0.165 per share by the credit-card processor on Tuesday, September 5th. This represents a $0.66 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date is Wednesday, August 16th.
Visa has increased its dividend by an average of 19.0% per year over the last three years and has raised its dividend every year for the last 8 years. Visa has a dividend payout ratio of 19.3% meaning its dividend is sufficiently covered by earnings. Research analysts expect Visa to earn $4.00 per share next year, which means the company should continue to be able to cover its $0.66 annual dividend with an expected future payout ratio of 16.5%.
Shares of Visa (V) traded down 0.42% on Friday, reaching $99.15. 6,558,830 shares of the company’s stock were exchanged. Visa has a 12 month low of $75.17 and a 12 month high of $101.18. The firm’s 50 day moving average price is $95.88 and its 200-day moving average price is $90.67. The company has a market capitalization of $226.70 billion, a P/E ratio of 36.87 and a beta of 0.93.
Visa (NYSE:V) last released its quarterly earnings data on Thursday, July 20th. The credit-card processor reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.05. Visa had a return on equity of 30.95% and a net margin of 36.53%. The firm had revenue of $4.57 billion for the quarter, compared to the consensus estimate of $4.36 billion. During the same quarter in the prior year, the company posted $0.69 earnings per share. The firm’s revenue was up 25.8% on a year-over-year basis. On average, equities analysts anticipate that Visa will post $3.43 EPS for the current year.
Visa declared that its board has approved a share repurchase program on Thursday, April 20th that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the credit-card processor to buy up to 2.4% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.
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V has been the subject of a number of recent analyst reports. CIBC upped their target price on Visa from $95.00 to $100.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 26th. Zacks Investment Research raised Visa from a “hold” rating to a “buy” rating and set a $106.00 target price for the company in a research report on Monday, May 29th. Deutsche Bank AG upped their target price on Visa from $124.00 to $150.00 and gave the stock a “buy” rating in a research report on Monday, July 10th. Vetr cut Visa from a “hold” rating to a “sell” rating and set a $92.84 target price for the company. in a research report on Monday, June 5th. Finally, Cowen and Company reaffirmed an “outperform” rating and set a $105.00 target price (up previously from $100.00) on shares of Visa in a research report on Sunday, April 23rd. Five investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $104.35.
Visa Company Profile
Visa Inc (Visa) is a payments technology company that connects consumers, merchants, financial institutions, businesses, strategic partners and government entities to electronic payments. The Company operates through payment services segment. The Company enables global commerce through the transfer of value and information among the participants.
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