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.
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.
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.
Featured Story: Understanding Specialty Certificates of Deposit
Receive News & Ratings for Global Payments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Global Payments and related companies with MarketBeat.com's FREE daily email newsletter.