Visteon Corporation (VC) to Distribute Quarterly Dividend of $0.38 on September 15th

Visteon Corporation (NASDAQ:VC) declared a quarterly dividend on Monday, August 17th. Shareholders of record on Tuesday, September 1st will be given a dividend of 0.375 per share on Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Tuesday, September 1st.

Visteon has a dividend payout ratio of 17.9% meaning its dividend is sufficiently covered by earnings. Analysts expect Visteon to earn $10.49 per share next year, which means the company should continue to be able to cover its $1.50 annual dividend with an expected future payout ratio of 14.3%.

Visteon Stock Performance

Shares of VC stock opened at $102.02 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.78 and a quick ratio of 1.45. The firm has a 50-day moving average of $105.23 and a 200-day moving average of $103.68. Visteon has a one year low of $83.49 and a one year high of $129.10. The company has a market cap of $2.72 billion, a P/E ratio of 13.34, a P/E/G ratio of 0.66 and a beta of 1.29.

Visteon (NASDAQ:VC) last issued its quarterly earnings data on Thursday, July 23rd. The company reported $1.91 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.21 by ($0.30). Visteon had a return on equity of 14.61% and a net margin of 5.58%.The firm had revenue of $960.00 million during the quarter, compared to the consensus estimate of $955.78 million. During the same period in the previous year, the company posted $2.39 earnings per share. The company’s revenue for the quarter was down .9% on a year-over-year basis. Equities research analysts forecast that Visteon will post 8.41 EPS for the current fiscal year.

About Visteon

Visteon Corporation is a global automotive electronics supplier that specializes in designing, engineering and manufacturing cockpit electronics and connected vehicle solutions. The company’s product portfolio spans digital instrument clusters, infotainment systems, domain controllers and advanced driver interaction technologies. By integrating hardware, software and services, Visteon aims to deliver complete cockpit electronics platforms that enhance driver experience, safety and connectivity.

Founded in 2000 as a spin-off from Ford Motor Company, Visteon has evolved its focus toward next-generation electronics and software-driven vehicle architectures.