Global Payments Inc. Plans Quarterly Dividend of $0.25 (NYSE:GPN)

Global Payments Inc. (NYSE:GPN) declared a quarterly dividend on Wednesday, May 6th. Stockholders of record on Friday, June 12th will be paid a dividend of 0.25 per share by the business services provider on Friday, June 26th. This represents a c) annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Friday, June 12th.

Global Payments has increased its dividend by an average of 0.1%annually over the last three years. Global Payments has a dividend payout ratio of 7.3% meaning its dividend is sufficiently covered by earnings. Analysts expect Global Payments to earn $16.41 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 6.1%.

Global Payments Stock Performance

Shares of NYSE:GPN traded up $0.18 during trading on Wednesday, hitting $69.65. The company’s stock had a trading volume of 5,751,469 shares, compared to its average volume of 3,616,314. The company has a 50-day moving average of $70.71 and a 200-day moving average of $74.97. Global Payments has a 12 month low of $62.45 and a 12 month high of $90.64. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.69 and a quick ratio of 1.69. The firm has a market cap of $19.17 billion, a price-to-earnings ratio of 12.03, a P/E/G ratio of 0.42 and a beta of 0.75.

Global Payments (NYSE:GPN) last issued its quarterly earnings data on Wednesday, May 6th. The business services provider reported $2.96 earnings per share for the quarter, topping the consensus estimate of $2.82 by $0.14. Global Payments had a net margin of 16.92% and a return on equity of 12.72%. During the same period in the previous year, the firm posted $2.82 EPS. The firm’s revenue for the quarter was up 63.1% compared to the same quarter last year. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. On average, sell-side analysts expect that Global Payments will post 13.73 earnings per share for the current year.

Institutional Investors Weigh In On Global Payments

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Assetmark Inc. increased its holdings in Global Payments by 16.1% in the 1st quarter. Assetmark Inc. now owns 16,753 shares of the business services provider’s stock worth $1,127,000 after acquiring an additional 2,323 shares in the last quarter. Goodman Financial Corp increased its holdings in Global Payments by 3.2% in the 1st quarter. Goodman Financial Corp now owns 154,054 shares of the business services provider’s stock worth $10,368,000 after acquiring an additional 4,765 shares in the last quarter. Bessemer Group Inc. increased its holdings in Global Payments by 6.0% in the 1st quarter. Bessemer Group Inc. now owns 19,327 shares of the business services provider’s stock worth $1,301,000 after acquiring an additional 1,101 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Global Payments by 7.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 11,686 shares of the business services provider’s stock worth $764,000 after acquiring an additional 807 shares in the last quarter. Finally, Wealthfront Advisers LLC increased its holdings in Global Payments by 20.9% in the 1st quarter. Wealthfront Advisers LLC now owns 16,115 shares of the business services provider’s stock worth $1,085,000 after acquiring an additional 2,783 shares in the last quarter. 89.76% of the stock is owned by hedge funds and other institutional investors.

About Global Payments

Global Payments Inc (NYSE: GPN) is a worldwide provider of payment technology and software solutions that enables commerce for merchants, issuers and enterprises. The company develops and operates payment processing networks, point-of-sale systems and cloud-based software that facilitate electronic transactions across in-store, online and mobile channels. Its services span merchant acquiring, payment gateway services, omnichannel commerce platforms, and solutions for recurring and subscription billing.

Global Payments offers a range of products and services including integrated payment terminals and point-of-sale software, e-commerce and gateway technologies, fraud prevention and tokenization tools, and business analytics and reporting.