VeriSign, Inc. (VRSN) to Issue Quarterly Dividend of $0.81 on May 27th

VeriSign, Inc. (NASDAQ:VRSN) declared a quarterly dividend on Monday, April 20th. Shareholders of record on Tuesday, May 19th will be paid a dividend of 0.81 per share by the information services provider on Wednesday, May 27th. This represents a c) annualized dividend and a yield of 1.1%. The ex-dividend date is Tuesday, May 19th.

VeriSign has a dividend payout ratio of 34.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect VeriSign to earn $10.28 per share next year, which means the company should continue to be able to cover its $3.24 annual dividend with an expected future payout ratio of 31.5%.

VeriSign Stock Performance

Shares of NASDAQ:VRSN opened at $297.57 on Friday. The business’s 50 day simple moving average is $262.13 and its two-hundred day simple moving average is $248.59. The firm has a market cap of $27.08 billion, a P/E ratio of 32.88 and a beta of 0.68. VeriSign has a 52-week low of $208.86 and a 52-week high of $310.60.

VeriSign (NASDAQ:VRSN) last announced its quarterly earnings results on Thursday, April 23rd. The information services provider reported $2.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.30 by $0.04. The business had revenue of $428.90 million for the quarter, compared to analyst estimates of $424.50 million. VeriSign had a negative return on equity of 39.98% and a net margin of 49.95%.The company’s quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.10 earnings per share. On average, equities analysts forecast that VeriSign will post 9.46 earnings per share for the current fiscal year.

About VeriSign

VeriSign, Inc (NASDAQ: VRSN) is an internet infrastructure company that operates critical components of the global Domain Name System (DNS) and provides cybersecurity-related services. The company is best known as the authoritative registry operator for the .com and .net top-level domains, maintaining the central databases and zone files that enable domain name resolution for millions of websites. VeriSign’s registry role is performed under contractual agreements with Internet Corporation for Assigned Names and Numbers (ICANN) and involves high-availability, highly secure operations to support continuous internet connectivity.

In addition to its registry business, VeriSign offers a suite of services designed to protect and accelerate DNS and internet traffic for enterprises and service providers.