Veralto Corporation (VLTO) to Issue Quarterly Dividend of $0.13 on January 30th

Veralto Corporation (NYSE:VLTO) announced a quarterly dividend on Tuesday, December 16th. Stockholders of record on Wednesday, December 31st will be given a dividend of 0.13 per share on Friday, January 30th. This represents a c) dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Wednesday, December 31st. This is a 18.2% increase from Veralto’s previous quarterly dividend of $0.11.

Veralto has a payout ratio of 11.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect Veralto to earn $3.99 per share next year, which means the company should continue to be able to cover its $0.44 annual dividend with an expected future payout ratio of 11.0%.

Veralto Stock Performance

NYSE VLTO opened at $100.07 on Thursday. The stock has a market capitalization of $24.85 billion, a price-to-earnings ratio of 27.42, a PEG ratio of 3.10 and a beta of 0.87. The stock has a 50-day moving average of $100.55 and a 200 day moving average of $102.83. The company has a current ratio of 1.57, a quick ratio of 1.40 and a debt-to-equity ratio of 0.69. Veralto has a twelve month low of $83.86 and a twelve month high of $110.11.

Veralto (NYSE:VLTO) last posted its quarterly earnings data on Tuesday, October 28th. The company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.04. Veralto had a return on equity of 38.69% and a net margin of 16.75%.The business had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.40 billion. During the same period in the previous year, the business earned $0.89 earnings per share. The business’s revenue was up 6.8% compared to the same quarter last year. Veralto has set its FY 2025 guidance at 3.820-3.850 EPS and its Q4 2025 guidance at 0.950-0.980 EPS. Sell-side analysts anticipate that Veralto will post 3.66 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Jefferies Financial Group reaffirmed a “hold” rating and set a $105.00 price objective (down from $125.00) on shares of Veralto in a report on Wednesday, December 10th. Royal Bank Of Canada upped their price target on shares of Veralto from $108.00 to $111.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 30th. Citigroup lowered their price objective on Veralto from $112.00 to $111.00 and set a “neutral” rating on the stock in a report on Thursday, October 30th. Weiss Ratings upgraded Veralto from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, October 8th. Finally, BMO Capital Markets reduced their target price on Veralto from $123.00 to $114.00 and set an “outperform” rating for the company in a report on Tuesday, November 25th. Six research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, Veralto has a consensus rating of “Moderate Buy” and an average target price of $112.89.

About Veralto

Veralto Corporation provides water analytics, water treatment, marking and coding, and packaging and color services worldwide. It operates through two segments, Water Quality (WQ) and Product Quality & Innovation (PQI). The WQ segment offers precision instrumentation and water treatment technologies to measure, analyze, and treat water in residential, commercial, municipal, industrial, research, and natural resource applications through the Hach, Trojan Technologies, and ChemTreat brands.