Victory Capital Holdings, Inc. (NASDAQ:VCTR) to Issue Quarterly Dividend of $0.50

Key Points

• Victory Capital declared a quarterly dividend of $0.50 per share, payable September 25 to shareholders of record on September 10. The dividend implies a $2.00 annualized payout and a 2.0% yield.
• The company has increased its dividend for six consecutive years, with a current payout ratio of 28.9%; analysts expect future earnings to comfortably cover the dividend.
• Victory Capital’s latest quarterly results exceeded expectations, with EPS of $1.82 versus the $1.63 consensus and revenue of $387.99 million, up 76.7% year over year.

Victory Capital Holdings, Inc. (NASDAQ:VCTR - Get Free Report) announced a quarterly dividend on Wednesday, August 5th. Investors of record on Thursday, September 10th will be paid a dividend of 0.50 per share on Friday, September 25th. This represents a c) annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Thursday, September 10th.

Victory Capital has raised its dividend payment by an average of 0.5%annually over the last three years and has increased its dividend annually for the last 6 consecutive years. Victory Capital has a dividend payout ratio of 28.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect Victory Capital to earn $8.01 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 25.0%.

Victory Capital Trading Down 2.6%

Shares of VCTR stock opened at $99.97 on Thursday. The stock has a market cap of $6.25 billion, a P/E ratio of 22.52, a price-to-earnings-growth ratio of 1.20 and a beta of 1.08. Victory Capital has a 1 year low of $57.03 and a 1 year high of $105.54. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.41. The stock has a 50 day simple moving average of $90.92 and a 200 day simple moving average of $79.45.

Victory Capital (NASDAQ:VCTR - Get Free Report) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $1.82 EPS for the quarter, topping analysts' consensus estimates of $1.63 by $0.19. The firm had revenue of $387.99 million for the quarter, compared to analyst estimates of $364.97 million. Victory Capital had a return on equity of 22.15% and a net margin of 25.79%.The company's revenue was up 76.7% on a year-over-year basis. During the same quarter last year, the company earned $1.36 EPS. On average, research analysts predict that Victory Capital will post 7.38 earnings per share for the current fiscal year.

About Victory Capital

Victory Capital NASDAQ: VCTR is a global investment management firm that provides a broad range of strategies across equities, fixed income, multi-asset and alternative investments. Serving institutional, intermediary and retail clients, the company delivers tailored solutions through active, research-driven portfolio management. Its product lineup includes traditional mutual funds, separately managed accounts, sub-advisory services and specialized strategies such as ESG-focused and municipal bond portfolios.

Founded in 1988, Victory Capital has expanded its capabilities via both organic growth and strategic acquisitions, integrating experienced investment teams to enhance its offerings in areas like smart beta, global equity and fixed income.

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