PagSeguro Digital Ltd. (PAGS) to Distribute Quarterly Dividend of $0.28 on September 30th

PagSeguro Digital Ltd. (NYSE:PAGS) declared a quarterly dividend on Tuesday, August 11th. Stockholders of record on Wednesday, September 16th will be given a dividend of 0.28 per share on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 12.8%. The ex-dividend date is Wednesday, September 16th. This is a 7.7% increase from PagSeguro Digital’s previous quarterly dividend of $0.26.

PagSeguro Digital has a payout ratio of 69.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect PagSeguro Digital to earn $1.81 per share next year, which means the company should continue to be able to cover its $1.04 annual dividend with an expected future payout ratio of 57.5%.

PagSeguro Digital Price Performance

NYSE PAGS opened at $8.76 on Thursday. The firm has a market cap of $2.45 billion, a PE ratio of 6.44, a price-to-earnings-growth ratio of 0.44 and a beta of 1.31. PagSeguro Digital has a one year low of $8.26 and a one year high of $12.32. The stock’s 50 day simple moving average is $9.10 and its 200 day simple moving average is $9.86.

PagSeguro Digital (NYSE:PAGS) last released its quarterly earnings results on Tuesday, August 11th. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.39 by $0.02. PagSeguro Digital had a net margin of 10.40% and a return on equity of 16.44%. The business had revenue of $942.97 million for the quarter, compared to analysts’ expectations of $1 billion. As a group, equities analysts expect that PagSeguro Digital will post 1.69 earnings per share for the current year.

PagSeguro Digital Company Profile

PagSeguro Digital Ltd. is a Brazil-based financial technology company that specializes in digital payment solutions for merchants and consumers. Through its online platform and a suite of physical point-of-sale devices, the company enables businesses of all sizes to accept credit and debit cards, process e-commerce transactions, and manage payments via QR codes and digital wallets. In addition to payment acceptance, PagSeguro offers prepaid accounts, funds transfers, and working-capital credit lines designed to support small and medium-sized enterprises.

The company’s product portfolio includes portable card readers, countertop terminals, and mobile point-of-sale devices that connect via Bluetooth or cellular networks.