Visa Inc. (NYSE:V) Announces Dividend Increase – $0.78 Per Share

Visa Inc. (NYSE:V) declared a quarterly dividend on Tuesday, October 27th. Shareholders of record on Tuesday, November 10th will be paid a dividend of $0.78 per share by the credit-card processor on Tuesday, December 1st. This represents a $3.12 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Tuesday, November 10th. This is a 16.4% increase from Visa’s previous quarterly dividend of $0.67.

Visa has increased its dividend payment by an average of 0.1% per year over the last three years and has increased its dividend annually for the last 17 consecutive years. Visa has a payout ratio of 21.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect Visa to earn $14.99 per share next year, which means the company should continue to be able to cover its $2.68 annual dividend with an expected future payout ratio of 17.9%.

Visa Price Performance

NYSE V traded down $1.07 during trading hours on Wednesday, reaching $400.79. The company’s stock had a trading volume of 6,973,961 shares, compared to its average volume of 7,502,319. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.60. The firm’s 50-day moving average price is $378.75 and its 200-day moving average price is $341.35. Visa has a 1 year low of $293.89 and a 1 year high of $414.60. The company has a market capitalization of $715.18 billion, a price-to-earnings ratio of 34.08, a PEG ratio of 1.92 and a beta of 0.77.

Visa (NYSE:V) last released its quarterly earnings results on Tuesday, October 27th. The credit-card processor reported $3.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.43 by $0.05. Visa had a net margin of 50.78% and a return on equity of 67.68%. The company had revenue of $12.14 billion for the quarter, compared to the consensus estimate of $12.09 billion. During the same quarter in the prior year, the firm earned $2.98 earnings per share. Visa’s revenue was up 13.2% on a year-over-year basis. On average, equities research analysts predict that Visa will post 13.22 EPS for the current fiscal year.

About Visa

Visa Inc (NYSE: V) is a global payments technology company that facilitates electronic payments between consumers, businesses, financial institutions and governments. Through its VisaNet network, the company authorizes, clears and settles transactions made with Visa-branded credit, debit and prepaid cards, while generally not issuing cards, extending credit or setting cardholder account terms.

Visa provides payment products and services for consumer, commercial and government payments, as well as digital commerce and money movement.