PagSeguro Digital Ltd. (NYSE:PAGS) Plans Dividend Increase – $0.28 Per Share

PagSeguro Digital Ltd. (NYSE:PAGS) announced a quarterly dividend on Tuesday, August 11th. Stockholders of record on Wednesday, September 16th will be paid a dividend of 0.28 per share on Wednesday, September 30th. This represents a c) annualized dividend and a dividend yield of 12.9%. The ex-dividend date is Wednesday, September 16th. This is a 7.7% increase from PagSeguro Digital’s previous quarterly dividend of $0.26.

PagSeguro Digital has a dividend payout ratio of 69.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect PagSeguro Digital to earn $1.81 per share next year, which means the company should continue to be able to cover its $1.04 annual dividend with an expected future payout ratio of 57.5%.

PagSeguro Digital Stock Down 2.5%

Shares of NYSE PAGS traded down $0.23 during mid-day trading on Wednesday, hitting $8.66. 2,046,887 shares of the company traded hands, compared to its average volume of 3,640,285. PagSeguro Digital has a 1 year low of $8.26 and a 1 year high of $12.32. The stock has a market capitalization of $2.42 billion, a price-to-earnings ratio of 6.37, a PEG ratio of 0.45 and a beta of 1.31. The business has a 50 day moving average of $9.10 and a two-hundred day moving average of $9.87.

PagSeguro Digital (NYSE:PAGS) last issued its quarterly earnings results on Tuesday, August 11th. The company reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.01. The firm had revenue of $942.97 million for the quarter, compared to analysts’ expectations of $1 billion. PagSeguro Digital had a return on equity of 16.44% and a net margin of 10.40%. As a group, research analysts anticipate that PagSeguro Digital will post 1.69 EPS for the current year.

Insider Transactions at PagSeguro Digital

In related news, insider Da Silva Ricardo Dutra sold 25,000 shares of the company’s stock in a transaction on Monday, July 20th. The shares were sold at an average price of $9.24, for a total value of $231,000.00. Following the completion of the sale, the insider directly owned 25,000 shares in the company, valued at approximately $231,000. This represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Institutional Trading of PagSeguro Digital

Institutional investors and hedge funds have recently made changes to their positions in the stock. Maple Rock Capital Partners Inc. acquired a new position in PagSeguro Digital in the 3rd quarter valued at $28,011,000. Jacobs Levy Equity Management Inc. lifted its position in PagSeguro Digital by 5,302.5% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,156,848 shares of the company’s stock worth $21,568,000 after acquiring an additional 2,116,925 shares during the last quarter. Orbis Allan Gray Ltd acquired a new position in PagSeguro Digital during the 2nd quarter worth $20,106,000. Jain Global LLC bought a new stake in PagSeguro Digital during the fourth quarter valued at about $17,424,000. Finally, Artemis Investment Management LLP grew its position in shares of PagSeguro Digital by 25.2% in the fourth quarter. Artemis Investment Management LLP now owns 6,764,422 shares of the company’s stock valued at $65,209,000 after purchasing an additional 1,363,223 shares during the last quarter. Institutional investors and hedge funds own 45.88% of the company’s stock.

PagSeguro Digital Company Profile

PagSeguro Digital Ltd. is a Brazil-based financial technology company that specializes in digital payment solutions for merchants and consumers. Through its online platform and a suite of physical point-of-sale devices, the company enables businesses of all sizes to accept credit and debit cards, process e-commerce transactions, and manage payments via QR codes and digital wallets. In addition to payment acceptance, PagSeguro offers prepaid accounts, funds transfers, and working-capital credit lines designed to support small and medium-sized enterprises.

The company’s product portfolio includes portable card readers, countertop terminals, and mobile point-of-sale devices that connect via Bluetooth or cellular networks.