Evertec, Inc. (EVTC) To Go Ex-Dividend on November 3rd

Evertec, Inc. (NYSE:EVTC) declared a quarterly dividend on Thursday, October 23rd. Investors of record on Monday, November 3rd will be paid a dividend of 0.05 per share by the business services provider on Friday, December 5th. This represents a c) dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Monday, November 3rd.

Evertec has a dividend payout ratio of 5.6% indicating that its dividend is sufficiently covered by earnings. Analysts expect Evertec to earn $2.70 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 7.4%.

Evertec Stock Performance

Shares of NYSE:EVTC opened at $31.00 on Friday. The company’s 50 day simple moving average is $33.51 and its 200 day simple moving average is $34.68. The stock has a market capitalization of $1.98 billion, a price-to-earnings ratio of 14.62, a price-to-earnings-growth ratio of 1.52 and a beta of 0.93. Evertec has a 1 year low of $29.38 and a 1 year high of $38.56. The company has a debt-to-equity ratio of 1.49, a current ratio of 2.20 and a quick ratio of 2.20.

Evertec (NYSE:EVTC) last posted its earnings results on Wednesday, July 30th. The business services provider reported $0.89 earnings per share for the quarter, topping analysts’ consensus estimates of $0.86 by $0.03. The firm had revenue of $229.61 million for the quarter, compared to analysts’ expectations of $222.23 million. Evertec had a net margin of 15.56% and a return on equity of 36.67%. The company’s revenue was up 8.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.83 earnings per share. Evertec has set its FY 2025 guidance at 3.440-3.520 EPS. As a group, research analysts predict that Evertec will post 2.63 EPS for the current fiscal year.

About Evertec

EVERTEC, Inc engages in transaction processing business and financial technology in Latin America and the Caribbean. The company operates through four segments: Payment Services – Puerto Rico & Caribbean; Latin America Payments and Solutions; Merchant Acquiring; and Business Solutions. It provides merchant acquiring services, which enable point of sales and e-commerce merchants to accept and process electronic methods of payment, such as debit, credit, prepaid, and electronic benefit transfer (EBT) cards.