Victory Capital Holdings, Inc. (NASDAQ:VCTR) Shareholders to Get $0.50 Quarterly Dividend

Victory Capital Holdings, Inc. (NASDAQ:VCTR) declared a quarterly dividend on Wednesday, November 4th. Stockholders of record on Thursday, December 10th will be paid a dividend of $0.50 per share on Wednesday, December 23rd. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Thursday, December 10th.

Victory Capital has raised its dividend by an average of 0.5% per year over the last three years and has increased its dividend every year for the last 6 years. Victory Capital has a dividend payout ratio of 28.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect Victory Capital to earn $8.22 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 24.3%.

Victory Capital Price Performance

Shares of NASDAQ:VCTR traded down $10.29 during midday trading on Thursday, reaching $109.90. 343,054 shares of the company’s stock were exchanged, compared to its average volume of 585,988. The company’s 50 day simple moving average is $110.99 and its two-hundred day simple moving average is $89.85. The firm has a market capitalization of $6.76 billion, a PE ratio of 20.15, a price-to-earnings-growth ratio of 0.54 and a beta of 1.12. Victory Capital has a 12 month low of $57.03 and a 12 month high of $123.55. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.29 and a current ratio of 1.29.

Victory Capital (NASDAQ:VCTR) last posted its earnings results on Wednesday, November 4th. The company reported $1.98 earnings per share for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.01). Victory Capital had a net margin of 29.57% and a return on equity of 24.17%. The business had revenue of $396.57 million during the quarter, compared to the consensus estimate of $411.23 million. Equities research analysts expect that Victory Capital will post 7.78 earnings per share for the current fiscal year.

About Victory Capital

Victory Capital Holdings, Inc is a global investment management company headquartered in San Antonio, Texas. The company provides investment solutions to individual investors, financial professionals, institutions, retirement plans and other organizations through a range of investment strategies and distribution channels.

Its products and services include mutual funds, exchange-traded funds, separately managed accounts, model portfolios, collective investment trusts and customized institutional mandates.