Visteon Corporation (NASDAQ:VC) Announces Quarterly Dividend of $0.38

Visteon Corporation (NASDAQ:VC) announced a quarterly dividend on Wednesday, February 18th. Shareholders of record on Monday, March 2nd will be paid a dividend of 0.375 per share on Monday, March 16th. This represents a c) dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Monday, March 2nd. This is a 36.4% increase from Visteon’s previous quarterly dividend of $0.28.

Visteon has a payout ratio of 13.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Visteon to earn $8.98 per share next year, which means the company should continue to be able to cover its $1.10 annual dividend with an expected future payout ratio of 12.2%.

Visteon Price Performance

Shares of VC traded down $12.24 on Thursday, hitting $93.90. The company’s stock had a trading volume of 1,790,075 shares, compared to its average volume of 596,163. Visteon has a fifty-two week low of $65.10 and a fifty-two week high of $129.10. The company has a 50 day moving average price of $98.28 and a 200 day moving average price of $108.72. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.89 and a quick ratio of 1.56. The company has a market capitalization of $2.56 billion, a PE ratio of 8.44 and a beta of 1.16.

Visteon (NASDAQ:VC) last announced its quarterly earnings data on Thursday, February 19th. The company reported $2.96 earnings per share for the quarter, beating the consensus estimate of $2.08 by $0.88. The business had revenue of $948.00 million for the quarter, compared to analyst estimates of $920.25 million. Visteon had a net margin of 8.22% and a return on equity of 21.85%. Visteon’s revenue was up 1.0% compared to the same quarter last year. During the same period in the prior year, the business posted $4.44 earnings per share. On average, research analysts anticipate that Visteon will post 8.42 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.