Visa Inc. (V) To Go Ex-Dividend on August 12th

Visa Inc. (NYSE:V) announced a quarterly dividend on Tuesday, July 29th, RTT News reports. Investors of record on Tuesday, August 12th will be given a dividend of 0.59 per share by the credit-card processor on Tuesday, September 2nd. This represents a c) annualized dividend and a yield of 0.7%. The ex-dividend date is Tuesday, August 12th.

Visa has a dividend payout ratio of 18.5% meaning its dividend is sufficiently covered by earnings. Analysts expect Visa to earn $12.73 per share next year, which means the company should continue to be able to cover its $2.36 annual dividend with an expected future payout ratio of 18.5%.

Visa Trading Up 1.4%

Shares of V stock opened at $336.86 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.12 and a quick ratio of 1.12. The firm has a market cap of $621.56 billion, a PE ratio of 32.90, a price-to-earnings-growth ratio of 2.25 and a beta of 0.94. The company has a 50-day moving average of $352.79 and a two-hundred day moving average of $347.13. Visa has a 1-year low of $258.74 and a 1-year high of $375.51.

Visa (NYSE:V) last posted its quarterly earnings data on Tuesday, July 29th. The credit-card processor reported $2.98 EPS for the quarter, beating the consensus estimate of $2.85 by $0.13. The business had revenue of $10.17 billion during the quarter, compared to analyst estimates of $9.82 billion. Visa had a net margin of 52.16% and a return on equity of 58.93%. The business’s revenue for the quarter was up 14.3% compared to the same quarter last year. During the same quarter last year, the firm posted $2.42 earnings per share. On average, analysts predict that Visa will post 11.3 EPS for the current year.

Insider Transactions at Visa

In related news, CEO Ryan Mcinerney sold 8,630 shares of the company’s stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $353.82, for a total transaction of $3,053,466.60. Following the transaction, the chief executive officer directly owned 537 shares of the company’s stock, valued at approximately $190,001.34. This represents a 94.14% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Paul D. Fabara sold 46,214 shares of the business’s stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $370.00, for a total value of $17,099,180.00. Following the sale, the insider directly owned 26,413 shares of the company’s stock, valued at $9,772,810. This represents a 63.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 75,100 shares of company stock worth $27,643,224 over the last three months. 0.13% of the stock is owned by company insiders.

Institutional Investors Weigh In On Visa

Institutional investors have recently made changes to their positions in the stock. Crossmark Global Holdings Inc. lifted its holdings in Visa by 2.0% in the second quarter. Crossmark Global Holdings Inc. now owns 194,131 shares of the credit-card processor’s stock worth $68,926,000 after buying an additional 3,798 shares during the period. Financial Gravity Companies Inc. purchased a new stake in Visa in the second quarter worth about $156,000. Tortoise Investment Management LLC lifted its holdings in Visa by 14.9% in the second quarter. Tortoise Investment Management LLC now owns 888 shares of the credit-card processor’s stock worth $315,000 after buying an additional 115 shares during the period. MTM Investment Management LLC lifted its holdings in Visa by 5.7% in the second quarter. MTM Investment Management LLC now owns 3,314 shares of the credit-card processor’s stock worth $1,177,000 after buying an additional 179 shares during the period. Finally, Cornerstone Advisors LLC lifted its holdings in Visa by 4.4% in the second quarter. Cornerstone Advisors LLC now owns 93,500 shares of the credit-card processor’s stock worth $33,197,000 after buying an additional 3,900 shares during the period. Hedge funds and other institutional investors own 82.15% of the company’s stock.

About Visa

Visa Inc operates as a payment technology company in the United States and internationally. The company operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions. It also offers credit, debit, and prepaid card products; tap to pay, tokenization, and click to pay services; Visa Direct, a solution that facilitates the delivery of funds to eligible cards, deposit accounts, and digital wallets; Visa B2B Connect, a multilateral business-to-business cross-border payments network; Visa Cross-Border Solution, a cross-border consumer payments solution; and Visa DPS that provides a range of value-added services, including fraud mitigation, dispute management, data analytics, campaign management, a suite of digital solutions, and contact center services.