Visteon Corporation (VC) To Go Ex-Dividend on September 1st

Visteon Corporation (NASDAQ:VC) declared a quarterly dividend on Monday, August 17th. Shareholders of record on Tuesday, September 1st will be paid a dividend of 0.375 per share on Tuesday, September 15th. This represents a c) annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Tuesday, September 1st.

Visteon has a payout ratio of 17.9% meaning its dividend is sufficiently covered by earnings. Analysts expect Visteon to earn $10.49 per share next year, which means the company should continue to be able to cover its $1.50 annual dividend with an expected future payout ratio of 14.3%.

Visteon Stock Down 2.1%

VC opened at $105.56 on Wednesday. The stock has a market cap of $2.82 billion, a PE ratio of 13.80, a P/E/G ratio of 0.70 and a beta of 1.29. The company has a quick ratio of 1.45, a current ratio of 1.78 and a debt-to-equity ratio of 0.17. Visteon has a 52 week low of $83.49 and a 52 week high of $129.10. The business’s fifty day simple moving average is $107.11 and its 200 day simple moving average is $103.34.

Visteon (NASDAQ:VC) last announced its quarterly earnings results on Thursday, July 23rd. The company reported $1.91 EPS for the quarter, missing analysts’ consensus estimates of $2.21 by ($0.30). The company had revenue of $960.00 million during the quarter, compared to analysts’ expectations of $955.78 million. Visteon had a return on equity of 14.61% and a net margin of 5.58%.Visteon’s revenue for the quarter was down .9% on a year-over-year basis. During the same period last year, the firm earned $2.39 earnings per share. As a group, research analysts expect that Visteon will post 8.41 earnings per share for the current fiscal year.

Visteon Company Profile

Visteon Corporation is a global automotive electronics supplier that specializes in designing, engineering and manufacturing cockpit electronics and connected vehicle solutions. The company’s product portfolio spans digital instrument clusters, infotainment systems, domain controllers and advanced driver interaction technologies. By integrating hardware, software and services, Visteon aims to deliver complete cockpit electronics platforms that enhance driver experience, safety and connectivity.

Founded in 2000 as a spin-off from Ford Motor Company, Visteon has evolved its focus toward next-generation electronics and software-driven vehicle architectures.