As per Visa Inc. (NYSE:V)’s news release on 2016-07-19, its shareholders will get cash dividend of $0.14 per share. The recent press release updated on the record date and payout date, which stands at 2016-08-19 and 2016-09-06, respectively.
The stock will commence trading ex-dividend from 2016-08-17, until, which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year Visa Inc. (NYSE:V) disbursed $0.14 in dividend compared to distribution of $0.14, a year ago.
It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of 20%.
The sell-side market professionals who track the firm’s financial and technical parameters have estimated Visa Inc. (NYSE:V) to attain a price target of $90.764. It is an average estimate figure given by 17 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $100. The low price range is set at $77 for next year while the arithmetic mean is seen at 1.55.
Eyeing Earnings Visa Inc. (NYSE:V) is likely to post quarterly numbers around 2016-11-07 for the quarter ending 2016-09-30. The quarterly EPS projection is set at $0.73 for the period ending on 2016-09-30.
In last quarter ended 2015-09-30, Visa Inc. (NYSE:V) earnings came at $0.69 suggesting a deviation of $0.02. The brokerages targeted EPS of $0.67 for the quarter.
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