Evertec Inc (NYSE:EVTC) Declares Quarterly Dividend of $0.05

Share on StockTwits

Evertec Inc (NYSE:EVTC) declared a quarterly dividend on Friday, July 26th, Fidelity reports. Stockholders of record on Monday, August 5th will be paid a dividend of 0.05 per share by the business services provider on Friday, September 6th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date is Friday, August 2nd.

Evertec has decreased its dividend by an average of 37.0% per year over the last three years. Evertec has a payout ratio of 12.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Evertec to earn $1.99 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 10.1%.

Evertec stock opened at $35.24 on Friday. The company has a market cap of $2.51 billion, a price-to-earnings ratio of 20.73 and a beta of 0.80. The business’s 50 day simple moving average is $33.26 and its 200 day simple moving average is $30.02. Evertec has a 12 month low of $22.41 and a 12 month high of $37.38. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 2.38.

Evertec (NYSE:EVTC) last posted its earnings results on Wednesday, July 31st. The business services provider reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.07. The firm had revenue of $122.55 million for the quarter, compared to the consensus estimate of $117.13 million. Evertec had a return on equity of 60.49% and a net margin of 20.55%. The business’s quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.46 earnings per share. As a group, equities research analysts forecast that Evertec will post 1.81 earnings per share for the current fiscal year.

Several research firms have recently weighed in on EVTC. Susquehanna Bancshares began coverage on shares of Evertec in a report on Friday, June 28th. They issued a “positive” rating and a $36.00 price target on the stock. Zacks Investment Research raised shares of Evertec from a “hold” rating to a “buy” rating and set a $41.00 price target on the stock in a report on Monday, August 5th.

In related news, General Counsel Luis A. Rodriguez-Gonzalez sold 13,000 shares of the stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $28.60, for a total value of $371,800.00. Following the transaction, the general counsel now owns 73,526 shares of the company’s stock, valued at $2,102,843.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.63% of the stock is owned by corporate insiders.

Evertec Company Profile

EVERTEC, Inc engage in transaction processing business serving financial institutions, merchants, corporations, and government agencies in Latin America and the Caribbean. The company operates in four segments: Payment Services – Puerto Rico & Caribbean; Payment Services – Latin America; Merchant Acquiring; and Business Solutions.

Further Reading: Insider Trading – What You Need to Know

Dividend History for Evertec (NYSE:EVTC)

Receive News & Ratings for Evertec Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Evertec and related companies with MarketBeat.com's FREE daily email newsletter.