Viad Corp (VVI) to Issue Quarterly Dividend of $0.10
Viad Corp (NYSE:VVI) declared a quarterly dividend on Wednesday, August 16th, RTT News reports. Shareholders of record on Friday, September 8th will be given a dividend of 0.10 per share by the business services provider on Monday, October 2nd. This represents a $0.40 annualized dividend and a yield of 0.75%.
Viad Corp has decreased its dividend by an average of 9.1% annually over the last three years. Viad Corp has a dividend payout ratio of 15.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Viad Corp to earn $2.80 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 14.3%.
Viad Corp (NYSE VVI) traded up 0.56% on Wednesday, reaching $53.60. 40,381 shares of the company’s stock traded hands. The stock has a 50 day moving average price of $49.98 and a 200 day moving average price of $46.29. Viad Corp has a 12-month low of $34.40 and a 12-month high of $54.75. The stock has a market cap of $1.09 billion, a price-to-earnings ratio of 16.91 and a beta of 0.54.
Viad Corp (NYSE:VVI) last released its quarterly earnings data on Thursday, July 27th. The business services provider reported $1.22 EPS for the quarter, beating the consensus estimate of $0.96 by $0.26. The business had revenue of $364.77 million for the quarter, compared to the consensus estimate of $347.35 million. Viad Corp had a net margin of 4.85% and a return on equity of 16.76%. The business’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.04 EPS. Analysts forecast that Viad Corp will post $2.76 EPS for the current year.
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Several analysts have recently commented on VVI shares. Zacks Investment Research downgraded shares of Viad Corp from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 18th. BidaskClub raised shares of Viad Corp from a “buy” rating to a “strong-buy” rating in a report on Monday, July 24th.
About Viad Corp
Viad Corp is an international experiential services company. The Company operates through two main business groups: GES, which is a live event service provider to some of the visible and influential events and global brands, and Pursuit, which is a collection of destination travel experiences. GES conducts its operations through two geographical segments: GES U.S., which has full-service operations in exhibition market in the United States, including Las Vegas, Nevada; Chicago, Illinois; Orlando, Florida; New York, New York, and Los Angeles, California, and GES International, which had full-service operations at many of the event destinations and venues.
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