Viad Corp (NYSE:VVI) Announces $0.10 Quarterly Dividend

Viad Corp (NYSE:VVI) announced a quarterly dividend on Friday, December 6th, Wall Street Journal reports. Shareholders of record on Monday, December 16th will be paid a dividend of 0.10 per share by the business services provider on Thursday, January 2nd. This represents a $0.40 annualized dividend and a yield of 0.61%. The ex-dividend date of this dividend is Friday, December 13th.

Shares of NYSE:VVI opened at $65.14 on Wednesday. The company has a market capitalization of $1.35 billion, a PE ratio of 27.84 and a beta of 0.63. The company has a current ratio of 0.51, a quick ratio of 0.48 and a debt-to-equity ratio of 0.20. Viad has a 12-month low of $46.21 and a 12-month high of $72.27. The business’s fifty day simple moving average is $63.15 and its 200-day simple moving average is $65.58.

Viad (NYSE:VVI) last issued its quarterly earnings data on Thursday, October 24th. The business services provider reported $1.56 earnings per share for the quarter, missing analysts’ consensus estimates of $1.69 by ($0.13). Viad had a return on equity of 10.22% and a net margin of 1.83%. The company had revenue of $362.50 million for the quarter, compared to analysts’ expectations of $357.45 million. During the same quarter last year, the company earned $1.72 earnings per share. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. Research analysts predict that Viad will post 2.37 EPS for the current year.

A number of equities analysts have commented on the stock. ValuEngine downgraded shares of Viad from a “hold” rating to a “sell” rating in a report on Tuesday, December 3rd. Zacks Investment Research downgraded shares of Viad from a “buy” rating to a “hold” rating in a research report on Saturday, September 28th.

In other news, Director Andrew B. Benett purchased 1,000 shares of the business’s stock in a transaction on Monday, December 2nd. The shares were acquired at an average cost of $62.58 per share, with a total value of $62,580.00. Following the completion of the acquisition, the director now owns 15,230 shares of the company’s stock, valued at $953,093.40. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 2.00% of the stock is owned by company insiders.

About Viad

Viad Corp operates as an experiential services company in the United States, Canada, the United Kingdom, continental Europe, and the United Arab Emirates. It operates in two business groups, GES and Pursuit. The company offers event planning and production, look and feel design, layout and floor plan designs, furnishings and carpet, show traffic analysis, marketing and strategy, electrical distribution, cleaning, plumbing, overhead and booth rigging, and material handling services; and signage products and common area structures.

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Dividend History for Viad (NYSE:VVI)

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