Victory Capital Holdings, Inc. (VCTR) to Issue Quarterly Dividend of $0.49 on March 25th

Victory Capital Holdings, Inc. (NASDAQ:VCTR) declared a quarterly dividend on Wednesday, February 4th. Investors of record on Tuesday, March 10th will be paid a dividend of 0.49 per share on Wednesday, March 25th. This represents a c) annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Tuesday, March 10th.

Victory Capital has increased its dividend payment by an average of 0.7%annually over the last three years and has raised its dividend annually for the last 6 consecutive years. Victory Capital has a dividend payout ratio of 28.3% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Victory Capital to earn $6.87 per share next year, which means the company should continue to be able to cover its $1.96 annual dividend with an expected future payout ratio of 28.5%.

Victory Capital Price Performance

Shares of NASDAQ VCTR opened at $69.44 on Friday. The firm has a market capitalization of $4.51 billion, a P/E ratio of 17.06, a P/E/G ratio of 0.71 and a beta of 1.05. The firm’s 50-day moving average price is $65.79 and its 200-day moving average price is $66.55. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.41. Victory Capital has a 1-year low of $47.00 and a 1-year high of $74.32.

Victory Capital (NASDAQ:VCTR) last posted its quarterly earnings results on Wednesday, February 4th. The company reported $1.78 earnings per share for the quarter, topping analysts’ consensus estimates of $1.66 by $0.12. Victory Capital had a return on equity of 23.02% and a net margin of 25.27%.The business had revenue of $374.12 million for the quarter, compared to the consensus estimate of $371.09 million. During the same period in the prior year, the business earned $1.45 EPS. The firm’s revenue for the quarter was up 61.0% on a year-over-year basis. Equities research analysts anticipate that Victory Capital will post 6.16 earnings per share for the current fiscal year.

About Victory Capital

Victory Capital (NASDAQ:VCTR) is a global investment management firm that provides a broad range of strategies across equities, fixed income, multi-asset and alternative investments. Serving institutional, intermediary and retail clients, the company delivers tailored solutions through active, research-driven portfolio management. Its product lineup includes traditional mutual funds, separately managed accounts, sub-advisory services and specialized strategies such as ESG-focused and municipal bond portfolios.

Founded in 1988, Victory Capital has expanded its capabilities via both organic growth and strategic acquisitions, integrating experienced investment teams to enhance its offerings in areas like smart beta, global equity and fixed income.