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

Visa Inc. (NYSE:V) announced a quarterly dividend on Thursday, January 30th,RTT News reports. Shareholders of record on Tuesday, February 11th will be given 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 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 %

V stock traded up $7.38 during midday trading on Thursday, hitting $343.26. 7,968,982 shares of the company’s stock were exchanged, compared to its average volume of 5,745,500. Visa has a 1-year low of $252.70 and a 1-year high of $344.44. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.55. The business has a 50-day simple moving average of $316.43 and a two-hundred day simple moving average of $292.09. The stock has a market capitalization of $639.46 billion, a PE ratio of 35.28, a P/E/G ratio of 2.17 and a beta of 0.96.

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

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Mizuho lifted their target price on Visa from $279.00 to $292.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Jefferies Financial Group lifted their target price on Visa from $320.00 to $330.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Piper Sandler boosted their price target on Visa from $322.00 to $368.00 and gave the company an “overweight” rating in a research report on Friday, January 24th. Barclays boosted their target price on Visa from $319.00 to $347.00 and gave the stock an “overweight” rating in a research report on Monday, November 4th. Finally, BMO Capital Markets boosted their price target on Visa from $310.00 to $320.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Visa currently has a consensus rating of “Moderate Buy” and a consensus price target of $335.52.

Insider Transactions at Visa

In other news, insider Paul D. Fabara sold 2,171 shares of Visa stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $307.97, for a total transaction of $668,602.87. Following the sale, the insider now directly owns 17,894 shares in the company, valued at approximately $5,510,815.18. The trade was a 10.82 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total transaction of $2,739,263.60. 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.