Visteon Corporation (NASDAQ:VC) Plans $0.38 Quarterly Dividend

Visteon Corporation (NASDAQ:VC) declared a quarterly dividend on Monday, May 18th. Stockholders of record on Monday, June 1st will be paid a dividend of 0.375 per share on Monday, June 15th. This represents a c) dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Monday, June 1st.

Visteon has a payout ratio of 17.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Visteon to earn $9.73 per share next year, which means the company should continue to be able to cover its $1.50 annual dividend with an expected future payout ratio of 15.4%.

Visteon Price Performance

Shares of NASDAQ:VC traded down $1.99 during trading on Monday, reaching $108.50. The company had a trading volume of 362,173 shares, compared to its average volume of 603,374. Visteon has a 12 month low of $81.18 and a 12 month high of $129.10. The company has a current ratio of 1.73, a quick ratio of 1.43 and a debt-to-equity ratio of 0.17. The company has a fifty day moving average of $97.80 and a two-hundred day moving average of $99.08. The stock has a market capitalization of $2.90 billion, a P/E ratio of 13.22, a price-to-earnings-growth ratio of 1.39 and a beta of 1.26.

Visteon (NASDAQ:VC) last issued its quarterly earnings results on Thursday, April 23rd. The company reported $1.65 EPS for the quarter, missing analysts’ consensus estimates of $1.96 by ($0.31). Visteon had a net margin of 5.99% and a return on equity of 15.93%. The business had revenue of $954.00 million for the quarter, compared to the consensus estimate of $901.33 million. During the same quarter in the previous year, the business earned $2.47 earnings per share. The firm’s revenue was up 2.1% on a year-over-year basis. Equities research analysts forecast that Visteon will post 8.54 earnings per share for the current year.

Insider Buying and Selling at Visteon

In related news, CEO Sachin Lawande sold 38,817 shares of Visteon stock in a transaction on Friday, April 24th. The shares were sold at an average price of $113.63, for a total value of $4,410,775.71. Following the sale, the chief executive officer owned 193,822 shares in the company, valued at $22,023,993.86. The trade was a 16.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Colleen Elizabeth Myers sold 475 shares of Visteon stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $110.92, for a total transaction of $52,687.00. Following the completion of the sale, the chief accounting officer owned 241 shares in the company, valued at approximately $26,731.72. This trade represents a 66.34% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 99,754 shares of company stock worth $10,296,332. 2.00% of the stock is currently owned by company insiders.

Institutional Trading of Visteon

Several large investors have recently added to or reduced their stakes in VC. Farther Finance Advisors LLC boosted its holdings in Visteon by 144.1% in the fourth quarter. Farther Finance Advisors LLC now owns 288 shares of the company’s stock valued at $27,000 after acquiring an additional 170 shares in the last quarter. Cullen Frost Bankers Inc. bought a new stake in shares of Visteon during the 3rd quarter valued at $30,000. Plato Investment Management Ltd bought a new stake in shares of Visteon during the 3rd quarter valued at $48,000. UMB Bank n.a. boosted its holdings in shares of Visteon by 32.1% during the 4th quarter. UMB Bank n.a. now owns 506 shares of the company’s stock valued at $48,000 after buying an additional 123 shares in the last quarter. Finally, Hantz Financial Services Inc. boosted its holdings in shares of Visteon by 72.0% during the 3rd quarter. Hantz Financial Services Inc. now owns 423 shares of the company’s stock valued at $51,000 after buying an additional 177 shares in the last quarter. Institutional investors own 99.71% of the company’s stock.

About Visteon

Visteon Corporation is a global automotive electronics supplier that specializes in designing, engineering and manufacturing cockpit electronics and connected vehicle solutions. The company’s product portfolio spans digital instrument clusters, infotainment systems, domain controllers and advanced driver interaction technologies. By integrating hardware, software and services, Visteon aims to deliver complete cockpit electronics platforms that enhance driver experience, safety and connectivity.

Founded in 2000 as a spin-off from Ford Motor Company, Visteon has evolved its focus toward next-generation electronics and software-driven vehicle architectures.