Visa Inc. Declares Quarterly Dividend of $0.59 (NYSE:V)

Visa Inc. (NYSE:V) announced a quarterly dividend on Thursday, January 30th,RTT News reports. Shareholders of record on Tuesday, February 11th will be paid a dividend of 0.59 per share by the credit-card processor on Monday, March 3rd. This represents a $2.36 annualized dividend and a yield of 0.69%.

Visa has raised its dividend payment by an average of 17.2% annually over the last three years and has increased its dividend every year for the last 16 years. Visa has a payout ratio of 18.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Visa to earn $12.64 per share next year, which means the company should continue to be able to cover its $2.36 annual dividend with an expected future payout ratio of 18.7%.

Visa Trading Up 2.2 %

NYSE:V traded up $7.38 during trading hours on Thursday, hitting $343.26. The stock had a trading volume of 7,968,982 shares, compared to its average volume of 5,745,500. Visa has a one year low of $252.70 and a one year high of $344.44. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.28 and a current ratio of 1.28. The company has a market cap of $639.46 billion, a price-to-earnings ratio of 35.28, a P/E/G ratio of 2.17 and a beta of 0.96. The business’s 50 day moving average is $316.43 and its 200-day moving average is $292.09.

Visa (NYSE:V) last released its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, beating the consensus estimate of $2.66 by $0.09. Visa had a net margin of 54.96% and a return on equity of 53.16%. Sell-side analysts anticipate that Visa will post 11.19 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently weighed in on V. Oppenheimer upped their price target on shares of Visa from $321.00 to $375.00 and gave the company an “outperform” rating in a report on Thursday, December 19th. Wells Fargo & Company increased their price target on shares of Visa from $325.00 to $360.00 and gave the company an “overweight” rating in a research note on Friday, January 3rd. TD Cowen lifted their price objective on shares of Visa from $318.00 to $325.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Macquarie upped their target price on shares of Visa from $300.00 to $335.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Finally, Robert W. Baird lifted their price target on Visa from $330.00 to $340.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Visa currently has an average rating of “Moderate Buy” and an average target price of $335.52.

Insider Buying and Selling at Visa

In other news, CEO Ryan Mcinerney sold 8,620 shares of the business’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total transaction of $2,739,263.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Paul D. Fabara sold 2,171 shares of the business’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $307.97, for a total value of $668,602.87. Following the transaction, the insider now directly owns 17,894 shares of the company’s stock, valued at $5,510,815.18. This trade represents a 10.82 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.13% of the company’s stock.

Visa Company Profile

Visa Inc operates as a payment technology company in the United States and internationally. The company operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions. It also offers credit, debit, and prepaid card products; tap to pay, tokenization, and click to pay services; Visa Direct, a solution that facilitates the delivery of funds to eligible cards, deposit accounts, and digital wallets; Visa B2B Connect, a multilateral business-to-business cross-border payments network; Visa Cross-Border Solution, a cross-border consumer payments solution; and Visa DPS that provides a range of value-added services, including fraud mitigation, dispute management, data analytics, campaign management, a suite of digital solutions, and contact center services.