VeriSign, Inc. (VRSN) to Issue Quarterly Dividend of $0.81 on August 27th

VeriSign, Inc. (NASDAQ:VRSN) declared a quarterly dividend on Monday, July 20th. Investors of record on Wednesday, August 19th will be given a dividend of 0.81 per share by the information services provider on Thursday, August 27th. This represents a c) dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Wednesday, August 19th.

VeriSign has a dividend payout ratio of 34.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect VeriSign to earn $10.71 per share next year, which means the company should continue to be able to cover its $3.24 annual dividend with an expected future payout ratio of 30.3%.

VeriSign Price Performance

NASDAQ:VRSN opened at $284.24 on Monday. VeriSign has a 1 year low of $208.86 and a 1 year high of $312.48. The stock’s fifty day moving average price is $273.27 and its two-hundred day moving average price is $263.65. The company has a market cap of $25.67 billion, a P/E ratio of 30.83 and a beta of 0.70.

VeriSign (NASDAQ:VRSN) last announced its quarterly earnings results on Thursday, July 23rd. The information services provider reported $2.38 earnings per share for the quarter, beating the consensus estimate of $2.36 by $0.02. The company had revenue of $434.60 million during the quarter, compared to analysts’ expectations of $433.19 million. VeriSign had a negative return on equity of 39.20% and a net margin of 49.76%.The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the previous year, the business earned $2.21 earnings per share. On average, analysts expect that VeriSign will post 9.56 earnings per share for the current fiscal year.

About VeriSign

VeriSign, Inc (NASDAQ: VRSN) is an internet infrastructure company that operates critical components of the global Domain Name System (DNS) and provides cybersecurity-related services. The company is best known as the authoritative registry operator for the .com and .net top-level domains, maintaining the central databases and zone files that enable domain name resolution for millions of websites. VeriSign’s registry role is performed under contractual agreements with Internet Corporation for Assigned Names and Numbers (ICANN) and involves high-availability, highly secure operations to support continuous internet connectivity.

In addition to its registry business, VeriSign offers a suite of services designed to protect and accelerate DNS and internet traffic for enterprises and service providers.