Veralto Corporation (NYSE:VLTO) Raises Dividend to $0.13 Per Share

Veralto Corporation (NYSE:VLTO) announced a quarterly dividend on Tuesday, December 16th. Investors of record on Wednesday, December 31st will be paid a dividend of 0.13 per share on Friday, January 30th. This represents a c) dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Wednesday, December 31st. This is a 18.2% increase from Veralto’s previous quarterly dividend of $0.11.

Veralto has a dividend payout ratio of 11.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Veralto to earn $3.99 per share next year, which means the company should continue to be able to cover its $0.44 annual dividend with an expected future payout ratio of 11.0%.

Veralto Price Performance

VLTO stock traded down $0.89 during midday trading on Tuesday, reaching $99.40. The company had a trading volume of 2,195,613 shares, compared to its average volume of 1,414,473. The firm has a 50-day moving average price of $100.63 and a 200-day moving average price of $102.85. The company has a market capitalization of $24.68 billion, a P/E ratio of 27.23, a P/E/G ratio of 3.08 and a beta of 0.87. Veralto has a 1 year low of $83.86 and a 1 year high of $110.11. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.57 and a quick ratio of 1.40.

Veralto (NYSE:VLTO) last posted its quarterly earnings data on Tuesday, October 28th. The company reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.95 by $0.04. Veralto had a net margin of 16.75% and a return on equity of 38.69%. The company had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.40 billion. During the same period in the previous year, the firm posted $0.89 EPS. The firm’s revenue was up 6.8% compared to the same quarter last year. Veralto has set its FY 2025 guidance at 3.820-3.850 EPS and its Q4 2025 guidance at 0.950-0.980 EPS. On average, research analysts anticipate that Veralto will post 3.66 earnings per share for the current fiscal year.

About Veralto

Veralto Corporation provides water analytics, water treatment, marking and coding, and packaging and color services worldwide. It operates through two segments, Water Quality (WQ) and Product Quality & Innovation (PQI). The WQ segment offers precision instrumentation and water treatment technologies to measure, analyze, and treat water in residential, commercial, municipal, industrial, research, and natural resource applications through the Hach, Trojan Technologies, and ChemTreat brands.