VeriSign, Inc. (NASDAQ:VRSN) Declares Quarterly Dividend of $0.77

Key Points

• VeriSign, Inc. (NASDAQ:VRSN) declared a quarterly dividend of $0.77 per share, set to be paid on November 25th to investors of record by November 18th, reflecting a 1.2% dividend yield.
• The company reported $2.27 EPS for the most recent quarter, surpassing analyst expectations, and experienced a 7.3% increase in revenue year-over-year.
• Analysts maintain a consensus rating of "Buy" for VeriSign, with price targets revised upwards, indicating positive market sentiment towards the stock.

VeriSign, Inc. (NASDAQ:VRSN - Get Free Report) declared a quarterly dividend on Thursday, October 23rd. Investors of record on Tuesday, November 18th will be given a dividend of 0.77 per share by the information services provider on Tuesday, November 25th. This represents a c) annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Tuesday, November 18th.

VeriSign has a dividend payout ratio of 32.7% indicating that its dividend is sufficiently covered by earnings.

VeriSign Trading Down 0.5%

Shares of VeriSign stock opened at $250.58 on Friday. VeriSign has a twelve month low of $175.62 and a twelve month high of $310.60. The stock has a market cap of $23.41 billion, a price-to-earnings ratio of 29.90 and a beta of 0.79. The company has a fifty day moving average price of $274.15 and a 200 day moving average price of $274.39.

VeriSign (NASDAQ:VRSN - Get Free Report) last released its quarterly earnings data on Thursday, October 23rd. The information services provider reported $2.27 EPS for the quarter, beating the consensus estimate of $2.25 by $0.02. The company had revenue of $419.10 million for the quarter, compared to analyst estimates of $416.71 million. VeriSign had a negative return on equity of 40.87% and a net margin of 50.05%.The firm's revenue was up 7.3% compared to the same quarter last year. During the same period last year, the company posted $2.07 earnings per share. VeriSign has set its FY 2025 guidance at EPS.

Analyst Ratings Changes

VRSN has been the topic of several recent research reports. Citigroup reissued a "buy" rating on shares of VeriSign in a research report on Tuesday, July 8th. Robert W. Baird lifted their price objective on shares of VeriSign from $285.00 to $305.00 and gave the company an "outperform" rating in a research note on Tuesday, July 1st. Finally, Weiss Ratings restated a "buy (b-)" rating on shares of VeriSign in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $277.50.

About VeriSign

VeriSign, Inc, together with its subsidiaries, provides domain name registry services and internet infrastructure that enables internet navigation for various recognized domain names worldwide. The company enables the security, stability, and resiliency of internet infrastructure and services, including providing root zone maintainer services, operating two of thirteen internet root servers; and offering registration services and authoritative resolution for the .com and .net domains, which supports global e-commerce.

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