Visteon Corporation (VC) to Issue Quarterly Dividend of $0.38 on June 15th

Visteon Corporation (NASDAQ:VC) announced a quarterly dividend on Monday, May 18th. Stockholders of record on Monday, June 1st will be given a dividend of 0.375 per share on Monday, June 15th. This represents a c) annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Monday, June 1st.

Visteon has a payout ratio of 17.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect Visteon to earn $9.73 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 15.4%.

Visteon Price Performance

Shares of NASDAQ VC opened at $105.00 on Wednesday. The company has a market capitalization of $2.80 billion, a PE ratio of 12.79, a P/E/G ratio of 1.36 and a beta of 1.26. The company has a quick ratio of 1.43, a current ratio of 1.73 and a debt-to-equity ratio of 0.17. Visteon has a twelve month low of $81.18 and a twelve month high of $129.10. The firm has a fifty day simple moving average of $98.45 and a 200 day simple moving average of $99.10.

Visteon (NASDAQ:VC) last issued its quarterly earnings results on Thursday, April 23rd. The company reported $1.65 EPS for the quarter, missing analysts’ consensus estimates of $1.96 by ($0.31). Visteon had a net margin of 5.99% and a return on equity of 15.93%. The firm had revenue of $954.00 million for the quarter, compared to the consensus estimate of $901.33 million. During the same period last year, the company posted $2.47 EPS. The business’s revenue was up 2.1% compared to the same quarter last year. On average, sell-side analysts forecast that Visteon will post 8.54 EPS for the current 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.