Visa Inc. (V) To Go Ex-Dividend on February 10th

Visa Inc. (NYSE:V) announced a quarterly dividend on Tuesday, January 27th. Shareholders of record on Tuesday, February 10th will be given a dividend of 0.67 per share by the credit-card processor on Monday, March 2nd. This represents a c) dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Tuesday, February 10th.

Visa has raised its dividend by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 17 years. Visa has a payout ratio of 21.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Visa to earn $12.73 per share next year, which means the company should continue to be able to cover its $2.68 annual dividend with an expected future payout ratio of 21.1%.

Visa Trading Up 0.8%

Shares of V stock opened at $331.82 on Friday. Visa has a 52-week low of $299.00 and a 52-week high of $375.51. The business’s fifty day moving average is $338.50 and its 200 day moving average is $340.87. The company has a market capitalization of $604.49 billion, a PE ratio of 31.13, a price-to-earnings-growth ratio of 1.90 and a beta of 0.79. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.08 and a current ratio of 1.11.

Visa (NYSE:V) last posted its quarterly earnings results on Thursday, January 29th. The credit-card processor reported $3.17 earnings per share for the quarter, topping the consensus estimate of $3.14 by $0.03. The business had revenue of $10.90 billion during the quarter, compared to the consensus estimate of $10.69 billion. Visa had a net margin of 50.23% and a return on equity of 61.74%. The firm’s revenue for the quarter was up 14.6% on a year-over-year basis. During the same period in the previous year, the firm posted $2.75 earnings per share. On average, equities research analysts anticipate that Visa will post 11.3 EPS for the current fiscal year.

About Visa

Visa Inc is a global payments technology company that facilitates electronic funds transfers and digital commerce by connecting consumers, merchants, financial institutions and governments. The firm operates one of the world’s largest payment networks, providing processing, authorization, clearing and settlement services for credit, debit and prepaid card transactions. Visa’s network-based model enables partner banks and other issuers to offer branded payment products while Visa focuses on the infrastructure, standards and technologies that move money securely and efficiently around the world.

Visa’s product and service portfolio includes card-based payment products for consumers and businesses, real-time push-payment capabilities, tokenization and authentication services, fraud and risk-management tools, data analytics and APIs for fintech and merchant integration.