Victory Capital Holdings, Inc. Plans Quarterly Dividend of $0.49 (NASDAQ:VCTR)

Key Points

• Victory Capital Holdings, Inc. announced a quarterly dividend of $0.49 per share, with an ex-dividend date on September 10th and payment scheduled for September 25th, reflecting an annualized yield of 2.8%.
• The company reported a 59.9% year-over-year revenue increase, with earnings of $1.57 per share for the last quarter, surpassing analysts' expectations by $0.10.
• Victory Capital's payout ratio stands at 28.3%, indicating strong dividend coverage by earnings, with forecasts suggesting continued stability in future payouts.

Victory Capital Holdings, Inc. (NASDAQ:VCTR - Get Free Report) declared a quarterly dividend on Friday, August 8th, Wall Street Journal reports. Shareholders of record on Wednesday, September 10th will be given a dividend of 0.49 per share on Thursday, September 25th. This represents a c) dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Wednesday, September 10th.

Victory Capital has a payout ratio of 28.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Victory Capital to earn $6.87 per share next year, which means the company should continue to be able to cover its $1.96 annual dividend with an expected future payout ratio of 28.5%.

Victory Capital Trading Up 4.9%

NASDAQ VCTR traded up $3.30 on Friday, reaching $70.42. 763,836 shares of the company were exchanged, compared to its average volume of 414,423. The business's fifty day moving average price is $65.34 and its 200 day moving average price is $62.58. The stock has a market capitalization of $4.74 billion, a P/E ratio of 15.68, a price-to-earnings-growth ratio of 0.77 and a beta of 1.04. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.84. Victory Capital has a fifty-two week low of $46.90 and a fifty-two week high of $73.42.

Victory Capital (NASDAQ:VCTR - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $1.57 EPS for the quarter, beating analysts' consensus estimates of $1.47 by $0.10. Victory Capital had a return on equity of 30.28% and a net margin of 32.90%. The company had revenue of $351.21 million for the quarter, compared to the consensus estimate of $348.89 million. During the same quarter in the previous year, the business earned $1.31 earnings per share. The company's revenue for the quarter was up 59.9% on a year-over-year basis. Analysts forecast that Victory Capital will post 6.16 earnings per share for the current year.

Victory Capital Company Profile

Victory Capital Holdings, Inc, together with its subsidiaries, operates as an asset management company in the United States and internationally. It offers investment advisory, fund administration, fund compliance, fund transfer agent, fund distribution, and other management services. The company provides specialized investment strategies to institutions, intermediaries, retirement platforms, and individual investors.

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