Victory Capital Holdings, Inc. (NASDAQ:VCTR) Announces Quarterly Dividend of $0.50

Victory Capital Holdings, Inc. (NASDAQ:VCTR) declared a quarterly dividend on Wednesday, November 4th. Shareholders of record on Thursday, December 10th will be given a dividend of $0.50 per share on Wednesday, December 23rd. This represents a $2.00 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Thursday, December 10th.

Victory Capital has raised its dividend payment by an average of 0.5% per year over the last three years and has raised its dividend every year for the last 6 years. Victory Capital has a dividend payout ratio of 28.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect Victory Capital to earn $8.22 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 24.3%.

Victory Capital Stock Performance

Shares of VCTR traded down $10.29 during mid-day trading on Thursday, reaching $109.90. 343,054 shares of the company’s stock traded hands, compared to its average volume of 585,988. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.29 and a current ratio of 1.29. The business’s 50-day moving average price is $110.99 and its 200-day moving average price is $89.85. The stock has a market capitalization of $6.76 billion, a P/E ratio of 20.15, a price-to-earnings-growth ratio of 0.54 and a beta of 1.12. Victory Capital has a 12 month low of $57.03 and a 12 month high of $123.55.

Victory Capital (NASDAQ:VCTR) last announced its quarterly earnings results on Wednesday, November 4th. The company reported $1.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.01). The business had revenue of $396.57 million for the quarter, compared to analyst estimates of $411.23 million. Victory Capital had a return on equity of 24.17% and a net margin of 29.57%. Equities analysts predict that Victory Capital will post 7.78 earnings per share for the current year.

Victory Capital Company Profile

Victory Capital Holdings, Inc is a global investment management company headquartered in San Antonio, Texas. The company provides investment solutions to individual investors, financial professionals, institutions, retirement plans and other organizations through a range of investment strategies and distribution channels.

Its products and services include mutual funds, exchange-traded funds, separately managed accounts, model portfolios, collective investment trusts and customized institutional mandates.