Vistra Corp. (NYSE:VST) Declares Dividend Increase - $0.23 Per Share

Key Points

• Vistra raised its quarterly dividend 0.4% to $0.231 per share, payable December 31 to shareholders of record December 22. The annualized payout is $0.92, yielding approximately 0.7%.
• The dividend appears well covered, with an 11.1% current payout ratio and an expected 8.7% ratio based on projected next-year earnings; Vistra has increased its dividend for six consecutive years.
• Vistra shares opened at $140.63, down 1.5%, after the company previously missed analyst estimates for quarterly earnings and revenue. Analysts remain broadly positive, though some firms have recently reduced price targets.

Vistra Corp. (NYSE:VST - Get Free Report) announced a quarterly dividend on Thursday, October 29th. Shareholders of record on Tuesday, December 22nd will be paid a dividend of $0.2310 per share on Thursday, December 31st. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Tuesday, December 22nd. This is a 0.4% increase from Vistra's previous quarterly dividend of $0.23.

Vistra has raised its dividend payment by an average of 0.1% per year over the last three years and has raised its dividend every year for the last 6 years. Vistra has a payout ratio of 11.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect Vistra to earn $10.56 per share next year, which means the company should continue to be able to cover its $0.92 annual dividend with an expected future payout ratio of 8.7%.

Vistra Stock Down 1.5%

NYSE VST opened at $140.63 on Friday. Vistra has a 12 month low of $132.66 and a 12 month high of $198.82. The company has a debt-to-equity ratio of 5.87, a current ratio of 0.97 and a quick ratio of 0.87. The company has a market capitalization of $47.20 billion, a P/E ratio of 23.76 and a beta of 1.38. The company's 50 day simple moving average is $145.09 and its 200 day simple moving average is $153.88.

Vistra (NYSE:VST - Get Free Report) last released its earnings results on Friday, August 7th. The company reported $0.76 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.61 by ($0.85). The business had revenue of $4.02 billion during the quarter, compared to analyst estimates of $5.46 billion. Vistra had a net margin of 11.55% and a return on equity of 108.68%. Equities research analysts expect that Vistra will post 9.13 earnings per share for the current fiscal year.

Key Vistra News

Here are the key news stories impacting Vistra this week:

• Positive Sentiment: Vistra declared a quarterly common-stock dividend of $0.231 per share, up 0.4% from $0.23 previously. The dividend is payable December 31 to shareholders of record December 22, representing an annualized $0.92 payout and an approximately 0.7% yield. Vistra Declares Dividend on Common Stock, Series B Preferred Stock, and Series C Preferred Stock
• Positive Sentiment: Despite trimming its target from $212 to $198, Wells Fargo maintained an “overweight” rating, implying substantial potential upside from recent trading levels. The reported analyst average price target is $202.43, which indicates that Wall Street’s longer-term outlook remains favorable. Wells Fargo Lowers Expectations for Vistra Vistra Average Price Target
• Neutral Sentiment: Vistra is scheduled to report quarterly earnings on Friday. The report is an important near-term catalyst, particularly after the company’s previous results missed consensus estimates for both earnings and revenue. Vistra Set to Post Quarterly Earnings
• Negative Sentiment: Shares declined following an analyst downgrade, adding to pressure from recent target cuts. Scotiabank also reduced its price target to $189 from $207, signaling more cautious near-term expectations even though the revised targets remain above the current share price. Vistra Shares Down Following Analyst Downgrade Scotiabank Adjusts Price Target on Vistra

Vistra Company Profile

Vistra Corp. NYSE: VST is an integrated energy company based in Irving, Texas. The company operates across electricity generation, power distribution support, energy marketing and retail electricity sales, serving residential, commercial and industrial customers primarily in the United States.

Vistra owns and operates a diverse portfolio of power generation and energy storage facilities. Its assets include natural gas, nuclear, coal and renewable generation, as well as battery storage projects.

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