IAC/InterActiveCorp (IACI) Announces Quarterly Dividend of $0.34
IAC/InterActiveCorp (NASDAQ:IACI) declared a quarterly dividend on Thursday, July 31st, Analyst Ratings.Net reports. Investors of record on Friday, August 15th will be given a dividend of 0.34 per share on Monday, September 1st. This represents a $1.36 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date of this dividend is Wednesday, August 13th. This is an increase from IAC/InterActiveCorp’s previous quarterly dividend of $0.24.
A number of analysts have recently weighed in on IACI shares. Analysts at Credit Suisse reiterated an “outperform” rating on shares of IAC/InterActiveCorp in a research note on Thursday. They now have a $75.00 price target on the stock, down previously from $76.00. On a related note, analysts at Benchmark Co. raised their price target on shares of IAC/InterActiveCorp from $77.00 to $80.00 in a research note on Thursday. They now have a “buy” rating on the stock. Finally, analysts at Canaccord Genuity raised their price target on shares of IAC/InterActiveCorp from $62.00 to $67.00 in a research note on Thursday. They now have a “hold” rating on the stock. One research analyst has rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the stock. IAC/InterActiveCorp presently has a consensus rating of “Hold” and a consensus price target of $74.91.
IAC/InterActiveCorp (NASDAQ:IACI) traded down 3.86% during mid-day trading on Thursday, hitting $67.20. The stock had a trading volume of 1,920,984 shares. IAC/InterActiveCorp has a 1-year low of $48.65 and a 1-year high of $80.64. The stock has a 50-day moving average of $67.69 and a 200-day moving average of $69.05. The company has a market cap of $5.580 billion and a P/E ratio of 22.60.
IAC/InterActiveCorp (NASDAQ:IACI) last released its earnings data on Wednesday, July 30th. The company reported $0.04 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.81 by $0.77. The company had revenue of $756.30 million for the quarter, compared to the consensus estimate of $794.40 million. During the same quarter last year, the company posted $0.95 earnings per share. IAC/InterActiveCorp’s revenue was down 4.3% compared to the same quarter last year. On average, analysts predict that IAC/InterActiveCorp will post $3.60 earnings per share for the current fiscal year.
IAC/InterActiveCorp (NASDAQ:IACI) is a media and Internet company.
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