Visa Inc. (NYSE:V) to Issue Quarterly Dividend of $0.67

Visa Inc. (NYSE:V) announced a quarterly dividend on Tuesday, July 28th. Shareholders of record on Tuesday, August 11th will be given a dividend of 0.67 per share by the credit-card processor on Tuesday, September 1st. This represents a c) dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Tuesday, August 11th.

Visa has increased its dividend by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 17 years. Visa has a dividend payout ratio of 21.1% meaning its dividend is sufficiently covered by earnings. Analysts expect Visa to earn $14.88 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 18.0%.

Visa Trading Up 0.9%

Shares of Visa stock traded up $3.18 during trading hours on Wednesday, hitting $369.77. The company’s stock had a trading volume of 2,511,538 shares, compared to its average volume of 7,949,540. Visa has a twelve month low of $293.89 and a twelve month high of $371.16. The firm has a fifty day moving average of $338.90 and a 200-day moving average of $325.25. The stock has a market cap of $663.28 billion, a price-to-earnings ratio of 32.21, a P/E/G ratio of 1.93 and a beta of 0.75. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.09 and a current ratio of 1.09.

Visa (NYSE:V) last released its quarterly earnings results on Tuesday, July 28th. The credit-card processor reported $3.32 earnings per share for the quarter, topping analysts’ consensus estimates of $3.23 by $0.09. The business had revenue of $11.63 billion during the quarter, compared to analysts’ expectations of $11.40 billion. Visa had a return on equity of 65.00% and a net margin of 51.68%.The company’s revenue was up 14.4% compared to the same quarter last year. During the same period in the prior year, the business posted $2.98 EPS. Research analysts forecast that Visa will post 13.12 EPS for the current year.

Analyst Ratings Changes

Several research analysts have weighed in on V shares. Weiss Ratings raised shares of Visa from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, July 6th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $430.00 price target on shares of Visa in a research note on Wednesday. Truist Financial upped their price objective on shares of Visa from $371.00 to $394.00 and gave the stock a “buy” rating in a report on Friday, July 24th. Susquehanna reaffirmed a “positive” rating and set a $427.00 price objective on shares of Visa in a research report on Wednesday. Finally, BMO Capital Markets lifted their target price on shares of Visa from $387.00 to $405.00 and gave the company an “outperform” rating in a report on Wednesday. Eight research analysts have rated the stock with a Strong Buy rating and twenty-three have issued a Buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $411.00.

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.