Visa Inc. (V) To Go Ex-Dividend on May 16th

Visa Inc. (NYSE:V) announced a quarterly dividend on Tuesday, April 23rd, Wall Street Journal reports. Investors of record on Friday, May 17th will be paid a dividend of 0.52 per share by the credit-card processor on Monday, June 3rd. This represents a $2.08 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date of this dividend is Thursday, May 16th.

Visa has raised its dividend by an average of 15.3% per year over the last three years and has increased its dividend every year for the last 16 years. Visa has a dividend payout ratio of 18.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Visa to earn $11.05 per share next year, which means the company should continue to be able to cover its $2.08 annual dividend with an expected future payout ratio of 18.8%.

Visa Stock Performance

Shares of Visa stock opened at $273.46 on Thursday. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $502.21 billion, a P/E ratio of 30.73, a P/E/G ratio of 1.89 and a beta of 0.96. The business has a fifty day simple moving average of $279.44 and a two-hundred day simple moving average of $263.97. Visa has a 12 month low of $216.14 and a 12 month high of $290.96.

Visa (NYSE:V) last announced its quarterly earnings data on Tuesday, April 23rd. The credit-card processor reported $2.51 EPS for the quarter, beating the consensus estimate of $2.43 by $0.08. The business had revenue of $8.78 billion during the quarter, compared to analyst estimates of $8.62 billion. Visa had a return on equity of 51.72% and a net margin of 53.87%. The company’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same quarter last year, the firm posted $2.09 earnings per share. On average, equities analysts forecast that Visa will post 9.88 earnings per share for the current fiscal year.

Insider Buying and Selling at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,150 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $273.39, for a total transaction of $2,228,128.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Ryan Mcinerney sold 8,150 shares of Visa stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $273.39, for a total transaction of $2,228,128.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Peter M. Andreski sold 2,615 shares of Visa stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total value of $729,271.20. Following the transaction, the chief accounting officer now directly owns 4,898 shares in the company, valued at $1,365,954.24. The disclosure for this sale can be found here. Insiders sold a total of 18,965 shares of company stock worth $5,256,352 in the last three months. 0.19% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts have commented on the company. Oppenheimer raised their price objective on Visa from $297.00 to $299.00 and gave the company an “outperform” rating in a research report on Wednesday. KeyCorp raised their price target on Visa from $275.00 to $300.00 and gave the company an “overweight” rating in a report on Monday, January 8th. UBS Group raised their price target on Visa from $315.00 to $325.00 and gave the company a “buy” rating in a report on Wednesday. Raymond James raised their price target on Visa from $287.00 to $311.00 and gave the company an “outperform” rating in a report on Friday, January 26th. Finally, Wells Fargo & Company raised their price target on Visa from $300.00 to $325.00 and gave the company an “overweight” rating in a report on Wednesday, March 6th. Five research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $302.58.

About Visa

Visa Inc operates as a payment technology company in the United States and internationally. The company operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions. It also offers credit, debit, and prepaid card products; tap to pay, tokenization, and click to pay services; Visa Direct, a solution that facilitates the delivery of funds to eligible cards, deposit accounts, and digital wallets; Visa B2B Connect, a multilateral business-to-business cross-border payments network; Visa Cross-Border Solution, a cross-border consumer payments solution; and Visa DPS that provides a range of value-added services, including fraud mitigation, dispute management, data analytics, campaign management, a suite of digital solutions, and contact center services.