Visteon Corporation (NASDAQ:VC) Plans $0.38 Quarterly Dividend

Visteon Corporation (NASDAQ:VC) announced a quarterly dividend on Monday, August 17th. Investors of record on Tuesday, September 1st will be given a dividend of 0.375 per share on Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Tuesday, September 1st.

Visteon has a dividend payout ratio of 17.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Visteon to earn $10.49 per share next year, which means the company should continue to be able to cover its $1.50 annual dividend with an expected future payout ratio of 14.3%.

Visteon Stock Performance

Shares of VC stock opened at $107.80 on Tuesday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.45 and a current ratio of 1.78. Visteon has a 52 week low of $83.49 and a 52 week high of $129.10. The company’s 50 day moving average price is $107.39 and its two-hundred day moving average price is $103.24. The company has a market capitalization of $2.88 billion, a P/E ratio of 14.09, a price-to-earnings-growth ratio of 0.70 and a beta of 1.29.

Visteon (NASDAQ:VC) last released its quarterly earnings results on Thursday, July 23rd. The company reported $1.91 earnings per share for the quarter, missing the consensus estimate of $2.21 by ($0.30). Visteon had a net margin of 5.58% and a return on equity of 14.61%. The company had revenue of $960.00 million during the quarter, compared to analyst estimates of $955.78 million. During the same quarter last year, the company earned $2.39 EPS. The firm’s quarterly revenue was down .9% compared to the same quarter last year. On average, analysts expect that Visteon will post 8.41 earnings per share for the current fiscal year.

About Visteon

Visteon Corporation is a global automotive electronics supplier that specializes in designing, engineering and manufacturing cockpit electronics and connected vehicle solutions. The company’s product portfolio spans digital instrument clusters, infotainment systems, domain controllers and advanced driver interaction technologies. By integrating hardware, software and services, Visteon aims to deliver complete cockpit electronics platforms that enhance driver experience, safety and connectivity.

Founded in 2000 as a spin-off from Ford Motor Company, Visteon has evolved its focus toward next-generation electronics and software-driven vehicle architectures.