Visa Inc. (V) To Go Ex-Dividend on February 15th

Visa Inc. (NYSE:V) announced a quarterly dividend on Wednesday, February 1st. Shareholders of record on Friday, February 17th will be paid a dividend of 0.165 per share by the credit-card processor on Tuesday, March 7th. This represents a $0.66 annualized dividend and a dividend yield of 0.76%. The ex-dividend date is Wednesday, February 15th.

Shares of Visa (NYSE:V) opened at 86.44 on Tuesday. The firm has a 50 day moving average of $82.36 and a 200 day moving average of $81.18. Visa has a 52 week low of $69.12 and a 52 week high of $86.82. The firm has a market cap of $200.89 billion, a price-to-earnings ratio of 33.50 and a beta of 1.00.

Visa (NYSE:V) last posted its quarterly earnings results on Thursday, February 2nd. The credit-card processor reported $0.86 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.78 by $0.08. Visa had a net margin of 38.30% and a return on equity of 26.48%. The firm had revenue of $4.46 billion for the quarter, compared to analyst estimates of $4.29 billion. During the same period in the prior year, the firm posted $0.69 earnings per share. The company’s quarterly revenue was up 25.1% compared to the same quarter last year. Equities analysts predict that Visa will post $3.32 earnings per share for the current fiscal year.

Dividend History for Visa (NYSE:V)

V has been the topic of several analyst reports. Vetr lowered shares of Visa from a “buy” rating to a “hold” rating and set a $84.76 price target on the stock. in a research report on Monday, November 21st. Drexel Hamilton raised shares of Visa from a “hold” rating to a “buy” rating in a research report on Monday, October 24th. Stifel Nicolaus dropped their price objective on shares of Visa from $105.00 to $93.00 and set a “buy” rating on the stock in a research report on Friday, February 3rd. Bank of America Corporation raised shares of Visa from a “neutral” rating to a “buy” rating and set a $92.00 price objective on the stock in a research report on Thursday, December 15th. Finally, Robert W. Baird reissued an “outperform” rating and issued a $95.00 price objective on shares of Visa in a research report on Friday, October 21st. Two analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $93.35.

In other news, EVP William M. Sheedy sold 125,372 shares of Visa stock in a transaction on Monday, February 6th. The shares were sold at an average price of $85.74, for a total value of $10,749,395.28. Following the completion of the sale, the executive vice president now owns 365,769 shares in the company, valued at approximately $31,361,034.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP James H. Hoffmeister sold 11,139 shares of Visa stock in a transaction on Tuesday, February 7th. The shares were sold at an average price of $85.95, for a total transaction of $957,397.05. Following the completion of the sale, the senior vice president now owns 6,390 shares of the company’s stock, valued at approximately $549,220.50. The disclosure for this sale can be found here. 0.14% of the stock is currently owned by company insiders.

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Visa Company Profile

Visa Inc (Visa) is a payments technology company that connects consumers, merchants, financial institutions, businesses, strategic partners and government entities to electronic payments. The Company operates through payment services segment. The Company enables global commerce through the transfer of value and information among the participants.

5 Day Chart for NYSE:V

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