Nuvei Co. (NASDAQ:NVEI) Declares Quarterly Dividend of $0.10

Nuvei Co. (NASDAQ:NVEI - Get Free Report) announced a quarterly dividend on Tuesday, May 7th, Zacks reports. Investors of record on Tuesday, May 21st will be paid a dividend of 0.10 per share on Thursday, June 6th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date is Monday, May 20th.

Nuvei has a payout ratio of 15.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Nuvei to earn $1.73 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 23.1%.

Nuvei Price Performance

NASDAQ NVEI traded down $0.22 during trading on Thursday, reaching $32.26. The company's stock had a trading volume of 1,019,301 shares, compared to its average volume of 1,104,990. The stock has a market capitalization of $4.50 billion, a PE ratio of -538.74, a P/E/G ratio of 1.52 and a beta of 2.59. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.05 and a quick ratio of 1.05. The firm has a fifty day moving average of $29.75 and a 200 day moving average of $25.01. Nuvei has a one year low of $13.32 and a one year high of $38.68.

Nuvei (NASDAQ:NVEI - Get Free Report) last announced its earnings results on Tuesday, March 5th. The company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.06. The business had revenue of $321.52 million during the quarter, compared to analyst estimates of $319.60 million. Nuvei had a negative net margin of 0.66% and a positive return on equity of 6.64%. Analysts expect that Nuvei will post 1.27 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on NVEI. Wells Fargo & Company reduced their target price on Nuvei from $29.00 to $27.00 and set an "equal weight" rating on the stock in a research note on Thursday, March 7th. Wolfe Research reiterated a "peer perform" rating on shares of Nuvei in a research report on Tuesday, April 2nd. National Bankshares raised their price objective on shares of Nuvei from $23.00 to $30.00 and gave the stock an "outperform" rating in a report on Friday, January 26th. Scotiabank reissued a "sector perform" rating and issued a $34.00 target price on shares of Nuvei in a research report on Tuesday, April 2nd. Finally, BMO Capital Markets reduced their price target on Nuvei from $30.00 to $28.00 and set an "outperform" rating on the stock in a research note on Thursday, March 7th. Nine research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $32.06.

Nuvei Company Profile

Nuvei Corporation provides payment technology solutions to merchants and partners in North America, Europe, the Middle East and Africa, Latin America, and the Asia Pacific. The company's platform enables customers to pay and/or accept payments worldwide regardless of the location, device, or preferred payment method.