Visa Inc. (NYSE:V) Plans Quarterly Dividend of $0.52

Visa Inc. (NYSE:V) declared a quarterly dividend on Wednesday, April 24th, Wall Street Journal reports. Stockholders of record on Friday, May 17th will be given a dividend of 0.52 per share by the credit-card processor on Monday, June 3rd. This represents a $2.08 annualized dividend and a dividend yield of 0.76%. The ex-dividend date is Thursday, May 16th.

Visa has raised its dividend by an average of 15.3% per year over the last three years and has raised its dividend annually for the last 16 consecutive years. Visa has a payout ratio of 18.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect Visa to earn $11.05 per share next year, which means the company should continue to be able to cover its $2.08 annual dividend with an expected future payout ratio of 18.8%.

Visa Trading Up 0.3 %

Shares of Visa stock traded up $0.91 during trading on Wednesday, hitting $275.02. 8,745,496 shares of the company were exchanged, compared to its average volume of 5,913,194. The firm has a market capitalization of $505.08 billion, a P/E ratio of 31.77, a price-to-earnings-growth ratio of 1.88 and a beta of 0.96. Visa has a 1-year low of $216.14 and a 1-year high of $290.96. The firm’s fifty day moving average price is $279.49 and its 200 day moving average price is $263.90. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.45 and a quick ratio of 1.45.

Visa (NYSE:V) last posted its earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.43 by $0.08. The company had revenue of $8.78 billion during the quarter, compared to analyst estimates of $8.62 billion. Visa had a return on equity of 50.02% and a net margin of 53.92%. The company’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same period in the previous year, the company earned $2.09 EPS. As a group, sell-side analysts expect that Visa will post 9.88 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Ryan Mcinerney sold 8,200 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $280.36, for a total transaction of $2,298,952.00. Following the transaction, the chief executive officer now directly owns 538 shares of the company’s stock, valued at approximately $150,833.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Visa news, CEO Ryan Mcinerney sold 8,200 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $280.36, for a total transaction of $2,298,952.00. Following the transaction, the chief executive officer now owns 538 shares in the company, valued at approximately $150,833.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Peter M. Andreski sold 2,615 shares of the stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total value of $729,271.20. Following the transaction, the chief accounting officer now owns 4,898 shares in the company, valued at approximately $1,365,954.24. The disclosure for this sale can be found here. In the last three months, insiders have sold 18,965 shares of company stock valued at $5,256,352. 0.19% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on V. Macquarie lifted their price objective on Visa from $290.00 to $300.00 and gave the company an “outperform” rating in a report on Wednesday. KeyCorp lifted their price objective on Visa from $275.00 to $300.00 and gave the company an “overweight” rating in a report on Monday, January 8th. Citigroup lifted their price objective on Visa from $314.00 to $321.00 and gave the company a “buy” rating in a report on Wednesday. Keefe, Bruyette & Woods lifted their price objective on Visa from $305.00 to $315.00 and gave the company an “outperform” rating in a report on Friday, January 26th. Finally, Susquehanna lifted their price objective on Visa from $300.00 to $326.00 and gave the company a “positive” rating in a report on Friday, January 26th. Five analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $302.58.

About Visa

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.