Viad Corp (NYSE:VVI) declared a quarterly dividend on Wednesday, February 28th, RTT News reports. Shareholders of record on Friday, March 16th will be paid a dividend of 0.10 per share by the business services provider on Monday, April 2nd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date of this dividend is Thursday, March 15th.
Viad has a payout ratio of 15.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Viad to earn $3.05 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 13.1%.
Viad (NYSE VVI) opened at $54.75 on Wednesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.63 and a quick ratio of 0.54. The firm has a market capitalization of $1,115.08, a price-to-earnings ratio of 20.84 and a beta of 0.59. Viad has a 52-week low of $42.05 and a 52-week high of $61.85.
Several brokerages recently weighed in on VVI. ValuEngine raised Viad from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Zacks Investment Research lowered Viad from a “hold” rating to a “strong sell” rating in a research report on Wednesday, February 14th.
Viad Company Profile
Viad Corp is an international experiential services company. The Company operates through two main business groups: GES, which is a live event service provider to some of the visible and influential events and global brands, and Pursuit, which is a collection of destination travel experiences. GES conducts its operations through two geographical segments: GES U.S., which has full-service operations in exhibition market in the United States, including Las Vegas, Nevada; Chicago, Illinois; Orlando, Florida; New York, New York, and Los Angeles, California, and GES International, which had full-service operations at many of the event destinations and venues.
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