PayPal Holdings, Inc. (NASDAQ:PYPL) Shares to Pay Quarterly Dividend of $0.14

PayPal Holdings, Inc. (NASDAQ:PYPL) declared a quarterly dividend on Monday, October 26th. Investors of record on Friday, December 4th will be given a dividend of $0.14 per share by the credit services provider on Thursday, December 24th. This represents a $0.56 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Friday, December 4th.

PayPal Trading Down 0.8%

PayPal stock opened at $55.64 on Wednesday. PayPal has a 1-year low of $38.46 and a 1-year high of $72.73. The firm has a 50 day simple moving average of $55.63 and a 200 day simple moving average of $50.05.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings results on Tuesday, October 27th. The credit services provider reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of $1.31 by $0.14. The company had revenue of $8.58 billion during the quarter, compared to the consensus estimate of $8.71 billion. During the same period in the previous year, the business earned $1.34 earnings per share. PayPal’s revenue was up 2.0% on a year-over-year basis. Analysts anticipate that PayPal will post 5.39 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently issued reports on PYPL shares. TD Cowen boosted their price objective on PayPal from $48.00 to $59.00 and gave the company a “hold” rating in a research note on Wednesday, July 29th. Morgan Stanley lifted their target price on PayPal from $45.00 to $46.00 and gave the company an “underweight” rating in a report on Wednesday. Canaccord Genuity Group reiterated a “hold” rating and set a $55.00 price target on shares of PayPal in a research report on Wednesday. Piper Sandler increased their price target on shares of PayPal from $42.00 to $59.00 and gave the stock a “neutral” rating in a report on Monday, August 17th. Finally, Clear Str upgraded shares of PayPal to a “hold” rating in a research report on Thursday, July 16th. Nine equities research analysts have rated the stock with a Buy rating, thirty-two have issued a Hold rating and five have given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $57.03.

PayPal Company Profile

PayPal Holdings, Inc operates a global digital payments platform that enables consumers and businesses to send, receive, and manage money online and through mobile devices. Its services support online checkout, peer-to-peer payments, money transfers, payment processing, invoicing, and other commerce-related transactions.

The company’s portfolio includes the PayPal and Venmo brands, Braintree’s payment processing technology, and Xoom’s international money transfer service. PayPal also offers merchant tools, digital wallets, payment solutions, and consumer financing products through its platform and related services.

PayPal traces its origins to 1998 and became an independent publicly traded company after separating from eBay in 2015.