Global Payments Inc. Plans Quarterly Dividend of $0.25 (NYSE:GPN)

Global Payments Inc. (NYSE:GPN - Get Free Report) declared a quarterly dividend on Wednesday, May 1st, Zacks reports. Stockholders of record on Friday, June 14th will be given a dividend of 0.25 per share by the business services provider on Friday, June 28th. This represents a $1.00 annualized dividend and a dividend yield of 0.90%. The ex-dividend date is Friday, June 14th.

Global Payments has increased its dividend by an average of 8.6% annually over the last three years.

Global Payments Stock Up 1.4 %

Shares of Global Payments stock traded up $1.48 on Thursday, hitting $110.54. The company had a trading volume of 3,990,286 shares, compared to its average volume of 2,269,543. The firm has a market capitalization of $28.20 billion, a P/E ratio of 29.24, a P/E/G ratio of 0.79 and a beta of 0.97. Global Payments has a twelve month low of $95.12 and a twelve month high of $141.77. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.99 and a quick ratio of 0.99. The stock has a 50-day moving average of $127.93 and a 200-day moving average of $124.72.

Global Payments (NYSE:GPN - Get Free Report) last posted its quarterly earnings results on Wednesday, February 14th. The business services provider reported $2.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.64 by $0.01. Global Payments had a net margin of 10.22% and a return on equity of 11.44%. The firm had revenue of $2.43 billion for the quarter, compared to analyst estimates of $2.18 billion. During the same period in the prior year, the firm posted $2.30 earnings per share. The company's quarterly revenue was up 7.9% compared to the same quarter last year. Research analysts predict that Global Payments will post 10.94 earnings per share for the current year.

Wall Street Analyst Weigh In

GPN has been the subject of a number of research reports. Morgan Stanley increased their target price on shares of Global Payments from $160.00 to $164.00 and gave the stock an "overweight" rating in a report on Thursday. Wedbush increased their target price on shares of Global Payments from $130.00 to $160.00 and gave the stock an "outperform" rating in a report on Wednesday, January 10th. Robert W. Baird dropped their price objective on shares of Global Payments from $182.00 to $150.00 and set an "outperform" rating for the company in a report on Thursday. UBS Group raised their price objective on shares of Global Payments from $130.00 to $145.00 and gave the company a "neutral" rating in a report on Thursday, February 15th. Finally, KeyCorp dropped their price objective on shares of Global Payments from $155.00 to $145.00 and set an "overweight" rating for the company in a report on Thursday. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-one have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $150.04.

Global Payments Company Profile

Global Payments Inc provides payment technology and software solutions for card, check, and digital-based payments in the Americas, Europe, and the Asia-Pacific. It operates through two segments, Merchant Solutions and Issuer Solutions. The Merchant Solutions segment offers authorization, settlement and funding, customer support, chargeback resolution, terminal rental, sales and deployment, payment security, and consolidated billing and reporting services.