Visa Inc. (V) To Go Ex-Dividend on August 11th

Visa Inc. (NYSE:V) announced a quarterly dividend on Tuesday, July 28th. Stockholders of record on Tuesday, August 11th will be given a dividend of 0.67 per share by the credit-card processor on Tuesday, September 1st. This represents a c) dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Tuesday, August 11th.

Visa has increased its dividend by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 17 years. Visa has a dividend payout ratio of 21.1% meaning its dividend is sufficiently covered by earnings. Analysts expect Visa to earn $14.94 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 Stock Down 2.2%

Shares of Visa stock opened at $362.32 on Friday. The firm has a market cap of $649.92 billion, a price-to-earnings ratio of 30.81, a P/E/G ratio of 1.94 and a beta of 0.74. The stock has a 50-day simple moving average of $345.11 and a 200-day simple moving average of $327.04. Visa has a 52-week low of $293.89 and a 52-week high of $373.97. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.99 and a quick ratio of 0.99.

Visa (NYSE:V) last released its quarterly earnings data on Tuesday, July 28th. The credit-card processor reported $3.32 EPS for the quarter, topping analysts’ consensus estimates of $3.23 by $0.09. The firm had revenue of $11.63 billion for the quarter, compared to the consensus estimate of $11.40 billion. Visa had a return on equity of 67.68% and a net margin of 50.78%.The firm’s revenue was up 14.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.98 earnings per share. On average, equities research analysts expect that Visa will post 13.14 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on V. JPMorgan Chase & Co. increased their price target on shares of Visa from $400.00 to $450.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. Truist Financial set a $406.00 price objective on shares of Visa and gave the stock a “buy” rating in a report on Wednesday. Royal Bank Of Canada reissued an “outperform” rating and set a $412.00 target price (up from $395.00) on shares of Visa in a research report on Wednesday, July 29th. Sanford C. Bernstein restated an “outperform” rating and set a $450.00 target price on shares of Visa in a report on Tuesday, June 2nd. Finally, Oppenheimer restated an “outperform” rating and set a $403.00 target price (up from $391.00) on shares of Visa in a report on Wednesday, April 29th. Seven research analysts have rated the stock with a Strong Buy rating and twenty-four have assigned a Buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $413.58.

About Visa

Visa Inc is a global payments technology company that facilitates electronic funds transfers and digital commerce by connecting consumers, merchants, financial institutions and governments. The firm operates one of the world’s largest payment networks, providing processing, authorization, clearing and settlement services for credit, debit and prepaid card transactions. Visa’s network-based model enables partner banks and other issuers to offer branded payment products while Visa focuses on the infrastructure, standards and technologies that move money securely and efficiently around the world.

Visa’s product and service portfolio includes card-based payment products for consumers and businesses, real-time push-payment capabilities, tokenization and authentication services, fraud and risk-management tools, data analytics and APIs for fintech and merchant integration.