PagSeguro Digital Ltd. (NYSE:PAGS) Plans Quarterly Dividend of $0.28

PagSeguro Digital Ltd. (NYSE:PAGS) announced a quarterly dividend on Tuesday, August 11th. Stockholders of record on Wednesday, September 16th will be given a dividend of 0.28 per share on Wednesday, September 30th. This represents a c) annualized dividend and a dividend yield of 12.9%. The ex-dividend date is Wednesday, September 16th. This is a 7.7% increase from PagSeguro Digital’s previous quarterly dividend of $0.26.

PagSeguro Digital has a dividend payout ratio of 69.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect PagSeguro Digital to earn $1.81 per share next year, which means the company should continue to be able to cover its $1.04 annual dividend with an expected future payout ratio of 57.5%.

PagSeguro Digital Stock Performance

Shares of PAGS traded down $0.22 during trading hours on Wednesday, hitting $8.67. 2,394,639 shares of the company were exchanged, compared to its average volume of 3,641,525. The company has a market cap of $2.43 billion, a PE ratio of 6.38, a PEG ratio of 0.45 and a beta of 1.31. The firm’s 50 day moving average is $9.10 and its 200-day moving average is $9.87. PagSeguro Digital has a 52 week low of $8.26 and a 52 week high of $12.32.

PagSeguro Digital (NYSE:PAGS) last issued its quarterly earnings data on Tuesday, August 11th. The company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.01. PagSeguro Digital had a return on equity of 16.44% and a net margin of 10.40%.The business had revenue of $942.97 million for the quarter, compared to the consensus estimate of $1 billion. As a group, equities analysts forecast that PagSeguro Digital will post 1.69 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other PagSeguro Digital news, insider Da Silva Ricardo Dutra sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, July 20th. The stock was sold at an average price of $9.24, for a total value of $231,000.00. Following the sale, the insider owned 25,000 shares of the company’s stock, valued at $231,000. This trade represents a 50.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link.

Institutional Investors Weigh In On PagSeguro Digital

Several hedge funds have recently modified their holdings of the business. Maple Rock Capital Partners Inc. bought a new stake in shares of PagSeguro Digital in the third quarter valued at about $28,011,000. Jacobs Levy Equity Management Inc. grew its position in PagSeguro Digital by 5,302.5% during the third quarter. Jacobs Levy Equity Management Inc. now owns 2,156,848 shares of the company’s stock worth $21,568,000 after buying an additional 2,116,925 shares in the last quarter. Orbis Allan Gray Ltd bought a new position in PagSeguro Digital during the second quarter valued at about $20,106,000. Jain Global LLC bought a new position in PagSeguro Digital during the fourth quarter valued at about $17,424,000. Finally, Artemis Investment Management LLP raised its holdings in PagSeguro Digital by 25.2% in the 4th quarter. Artemis Investment Management LLP now owns 6,764,422 shares of the company’s stock valued at $65,209,000 after acquiring an additional 1,363,223 shares in the last quarter. 45.88% of the stock is owned by institutional investors.

PagSeguro Digital Company Profile

PagSeguro Digital Ltd. is a Brazil-based financial technology company that specializes in digital payment solutions for merchants and consumers. Through its online platform and a suite of physical point-of-sale devices, the company enables businesses of all sizes to accept credit and debit cards, process e-commerce transactions, and manage payments via QR codes and digital wallets. In addition to payment acceptance, PagSeguro offers prepaid accounts, funds transfers, and working-capital credit lines designed to support small and medium-sized enterprises.

The company’s product portfolio includes portable card readers, countertop terminals, and mobile point-of-sale devices that connect via Bluetooth or cellular networks.