Visa Inc. to Issue Quarterly Dividend of $0.38 (NYSE:V)

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visa inc. (NYSE:V) declared a quarterly dividend on Tuesday, January 25, Zacks reports. Shareholders of record on Friday, February 11 will receive a dividend of 0.375 per share from the credit card processor on Tuesday, March 1. This represents an annualized dividend of $1.50 and a yield of 0.66%. The ex-date of this dividend is Thursday, February 10.

Visa has increased its dividend by 51.7% over the past three years and has increased its dividend every year for the past 14 consecutive years. Visa has a payout ratio of 17.8%, indicating that its dividend is sufficiently covered by earnings. Equity research analysts expect Visa to earn $8.37 per share next year, meaning the company should continue to be able to cover its $1.50 annual dividend with a expected future payout ratio of 17.9%.

V stock opened at $227.16 on Tuesday. The company has a debt ratio of 0.53, a current ratio of 1.40 and a quick ratio of 1.75. The company has a 50-day moving average price of $214.17 and a 200-day moving average price of $221.35. The company has a market capitalization of $437.36 billion, a P/E ratio of 37.61, a PEG ratio of 2.00 and a beta of 0.97. Visa has a 1 year minimum of $190.10 and a 1 year maximum of $252.67.

Visa (NYSE:V) last released its quarterly earnings data on Thursday, January 27. The credit card processor reported earnings per share (EPS) of $1.81 for the quarter, beating Thomson Reuters consensus estimate of $1.70 by $0.11. Visa had a net margin of 51.59% and a return on equity of 40.11%. The company posted revenue of $7.06 billion for the quarter, versus a consensus estimate of $6.79 billion. In the same quarter a year earlier, the company posted earnings per share of $1.42. The company’s revenue for the quarter increased 24.1% compared to the same quarter last year. On average, analysts expect Visa to post earnings per share of 7.07 for the current fiscal year.

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Several research analysts have recently commented on V shares. Robert W. Baird cut his price target on Visa from $305.00 to $290.00 in a Friday, January 28 research note. Royal Bank of Canada lowered its target price on Visa from $297.00 to $284.00 and set an “outperform” rating for the company in a Wednesday, October 27 report. Exane BNP Paribas downgraded Visa from an “outperforming” rating to a “neutral” rating and set a price target of $210.00 for the company. in a Monday, January 10, research note. Zacks Investment Research downgraded Visa from a “buy” rating to a “hold” rating and set a target price of $227.00 for the stock. in a research report on Thursday, October 28. Finally, BNP Paribas downgraded Visa from an “outperforming” rating to a “neutral” rating and set a price target of $210.00 for the stock. in a research report on Monday, January 10. Five equity research analysts gave the stock a hold rating and nineteen gave the company a buy rating. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $267.54.

Separately, CAO James H. Hoffmeister sold 1,737 shares of the company in a trade on Tuesday, February 1. The shares were sold at an average price of $231.49, for a total value of $402,098.13. The sale was disclosed in a document filed with the Securities & Exchange Commission, accessible via this hyperlink. Additionally, Chairman Ryan Mcinerney sold 11,193 shares of the company in a trade dated Thursday, Dec. 9. The stock was sold at an average price of $210.00, for a total transaction of $2,350,530.00. The disclosure of this sale can be found here. Insiders sold a total of 30,930 shares of the company worth $6,534,158 in the past 90 days. 0.21% of the shares are currently held by company insiders.

Institutional investors have recently increased or reduced their stake in the company. OLD Mission Capital LLC acquired a new stake in Visa stock during Q3 worth approximately $373,000. Morgan Stanley increased its position in Visa by 1.3% in the second quarter. Morgan Stanley now owns 41,708,994 shares of the credit card processor valued at $9,752,396,000 after buying an additional 533,415 shares last quarter. Comerica Bank increased its position in Visa by 80.7% in the third quarter. Comerica Bank now owns 867,709 shares of the credit card processor valued at $200,803,000 after buying an additional 387,444 shares last quarter. Finally, Keudell Morrison Wealth Management increased its stake in Visa shares by 1.7% during the third quarter. Keudell Morrison Wealth Management now owns 12,330 shares of the credit card processor valued at $2,747,000 after acquiring 205 more shares in the last quarter. 80.83% of the shares are currently held by hedge funds and other institutional investors.

About Visa

Visa, Inc engages in the provision of digital payment services. It also facilitates global commerce through the transfer of value and information between the global network of consumers, merchants, financial institutions, businesses, strategic partners and government entities. It offers debit cards, credit cards, prepaid products, commercial payment solutions and global automated teller machines (ATMs).

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Dividend history for Visa (NYSE:V)

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