Visa Inc. (V) to Issue Quarterly Dividend of $0.67 on March 2nd

Visa Inc. (NYSE:V) declared a quarterly dividend on Tuesday, January 27th. Stockholders of record on Tuesday, February 10th will be paid 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 dividend yield of 0.8%. The ex-dividend date is Tuesday, February 10th.

Visa has increased its dividend by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 17 consecutive 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 Price Performance

Shares of V opened at $331.82 on Friday. 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 has a fifty-two week low of $299.00 and a fifty-two week high of $375.51. The firm has a 50-day simple moving average of $338.50 and a 200-day simple moving average of $340.87. The company has a market capitalization of $604.49 billion, a price-to-earnings ratio of 31.13, a price-to-earnings-growth ratio of 1.90 and a beta of 0.79.

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

Insider Transactions at Visa

In other news, insider Paul D. Fabara sold 2,172 shares of Visa stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $325.93, for a total transaction of $707,919.96. Following the completion of the sale, the insider directly owned 26,413 shares in the company, valued at approximately $8,608,789.09. This trade represents a 7.60% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Ryan Mcinerney sold 10,485 shares of the business’s stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $349.18, for a total value of $3,661,152.30. Following the sale, the chief executive officer directly owned 9,401 shares in the company, valued at $3,282,641.18. This trade represents a 52.73% decrease in their position. The SEC filing for this sale provides additional information. 0.12% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Visa

Hedge funds and other institutional investors have recently bought and sold shares of the company. Brighton Jones LLC boosted its position in shares of Visa by 50.1% in the 4th quarter. Brighton Jones LLC now owns 20,635 shares of the credit-card processor’s stock worth $6,522,000 after buying an additional 6,883 shares in the last quarter. Revolve Wealth Partners LLC raised its position in Visa by 68.9% during the fourth quarter. Revolve Wealth Partners LLC now owns 11,811 shares of the credit-card processor’s stock worth $3,733,000 after acquiring an additional 4,817 shares during the last quarter. Nicholas Hoffman & Company LLC. raised its position in Visa by 4.6% during the first quarter. Nicholas Hoffman & Company LLC. now owns 10,941 shares of the credit-card processor’s stock worth $3,834,000 after acquiring an additional 477 shares during the last quarter. RMG Wealth Management LLC purchased a new stake in shares of Visa in the second quarter valued at about $52,000. Finally, KLP Kapitalforvaltning AS grew its position in shares of Visa by 2.8% in the second quarter. KLP Kapitalforvaltning AS now owns 736,262 shares of the credit-card processor’s stock valued at $261,410,000 after purchasing an additional 20,300 shares during the last quarter. 82.15% of the stock is owned by institutional investors and hedge funds.

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.