Global Payments Inc (GPN) Plans Quarterly Dividend of $0.01

Global Payments Inc (NYSE:GPN) declared a quarterly dividend on Thursday, February 14th, Wall Street Journal reports. Stockholders of record on Friday, March 15th will be paid a dividend of 0.01 per share by the business services provider on Friday, March 29th. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. The ex-dividend date is Thursday, March 14th.

Global Payments has a payout ratio of 0.8% meaning its dividend is sufficiently covered by earnings. Analysts expect Global Payments to earn $5.75 per share next year, which means the company should continue to be able to cover its $0.04 annual dividend with an expected future payout ratio of 0.7%.

Shares of Global Payments stock traded down $1.20 during trading on Thursday, hitting $121.55. 1,507,119 shares of the stock traded hands, compared to its average volume of 1,540,397. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.13. The firm has a market capitalization of $18.18 billion, a PE ratio of 30.31, a price-to-earnings-growth ratio of 1.12 and a beta of 1.15. Global Payments has a 52 week low of $94.81 and a 52 week high of $129.25.

Global Payments (NYSE:GPN) last announced its quarterly earnings data on Wednesday, February 13th. The business services provider reported $1.33 EPS for the quarter, beating the consensus estimate of $1.25 by $0.08. The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.04 billion. Global Payments had a return on equity of 18.38% and a net margin of 17.48%. The company’s revenue was up 12.3% on a year-over-year basis. During the same period in the prior year, the company earned $1.07 EPS. As a group, analysts predict that Global Payments will post 4.88 earnings per share for the current fiscal year.

Several equities analysts have recently commented on GPN shares. Robert W. Baird increased their price objective on Global Payments from $136.00 to $142.00 and gave the company an “outperform” rating in a research report on Wednesday, October 17th. KeyCorp increased their price objective on Global Payments from $130.00 to $135.00 and gave the company an “overweight” rating in a research report on Wednesday, October 31st. Cantor Fitzgerald increased their price objective on Global Payments from $136.00 to $143.00 and gave the company an “overweight” rating in a research report on Wednesday, October 31st. BMO Capital Markets increased their price objective on Global Payments from $139.00 to $146.00 and gave the company an “outperform” rating in a research report on Thursday, November 1st. Finally, Guggenheim lowered Global Payments from a “buy” rating to a “neutral” rating in a research report on Monday, November 5th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and seventeen have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $132.10.

In other news, Director Robert H. B. Baldwin, Jr. sold 3,000 shares of Global Payments stock in a transaction that occurred on Monday, January 14th. The stock was sold at an average price of $110.82, for a total value of $332,460.00. Following the sale, the director now directly owns 72,399 shares in the company, valued at approximately $8,023,257.18. The sale was disclosed in a filing with the SEC, which is available through this link. 0.98% of the stock is owned by company insiders.

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About Global Payments

Global Payments Inc provides payment technology and software solutions for credit cards, debit cards, electronic payments, and check-related services. It offers authorization services, settlement and funding services, customer support and help-desk functions, chargeback resolution, terminal rental, sales and deployment, payment security services, consolidated billing and statements, online reporting, industry compliance, and payment card industry security services.

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Dividend History for Global Payments (NYSE:GPN)

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