Visteon Corporation (NASDAQ:VC) Announces Quarterly Dividend of $0.38

Visteon Corporation (NASDAQ:VC) announced a quarterly dividend on Monday, May 18th. Stockholders of record on Monday, June 1st will be paid a dividend of 0.375 per share on Monday, June 15th. This represents a c) annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Monday, June 1st.

Visteon has a payout ratio of 17.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Visteon to earn $9.73 per share next year, which means the company should continue to be able to cover its $1.50 annual dividend with an expected future payout ratio of 15.4%.

Visteon Stock Down 1.8%

VC traded down $1.99 during midday trading on Monday, hitting $108.50. The company had a trading volume of 362,173 shares, compared to its average volume of 603,374. Visteon has a 52 week low of $81.18 and a 52 week high of $129.10. The company has a quick ratio of 1.43, a current ratio of 1.73 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $2.90 billion, a price-to-earnings ratio of 13.22, a PEG ratio of 1.39 and a beta of 1.26. The stock’s 50 day moving average price is $97.80 and its 200 day moving average price is $99.08.

Visteon (NASDAQ:VC) last posted its quarterly earnings results on Thursday, April 23rd. The company reported $1.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.96 by ($0.31). Visteon had a net margin of 5.99% and a return on equity of 15.93%. The business had revenue of $954.00 million during the quarter, compared to analyst estimates of $901.33 million. During the same period in the previous year, the business posted $2.47 EPS. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. On average, research analysts anticipate that Visteon will post 8.54 earnings per share for the current fiscal year.

Insider Transactions at Visteon

In other news, CEO Sachin Lawande sold 38,817 shares of the stock in a transaction dated Friday, April 24th. The shares were sold at an average price of $113.63, for a total value of $4,410,775.71. Following the sale, the chief executive officer directly owned 193,822 shares of the company’s stock, valued at approximately $22,023,993.86. This represents a 16.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Colleen Elizabeth Myers sold 475 shares of the stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $110.92, for a total transaction of $52,687.00. Following the completion of the sale, the chief accounting officer directly owned 241 shares in the company, valued at approximately $26,731.72. The trade was a 66.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 99,754 shares of company stock worth $10,296,332. Insiders own 2.00% of the company’s stock.

Institutional Investors Weigh In On Visteon

A number of institutional investors and hedge funds have recently modified their holdings of the company. Farther Finance Advisors LLC increased its position in shares of Visteon by 144.1% in the fourth quarter. Farther Finance Advisors LLC now owns 288 shares of the company’s stock worth $27,000 after purchasing an additional 170 shares during the last quarter. Cullen Frost Bankers Inc. bought a new position in shares of Visteon in the 3rd quarter worth $30,000. Plato Investment Management Ltd bought a new position in shares of Visteon in the 3rd quarter worth $48,000. UMB Bank n.a. increased its holdings in shares of Visteon by 32.1% in the 4th quarter. UMB Bank n.a. now owns 506 shares of the company’s stock worth $48,000 after buying an additional 123 shares during the last quarter. Finally, Hantz Financial Services Inc. increased its holdings in shares of Visteon by 72.0% in the 3rd quarter. Hantz Financial Services Inc. now owns 423 shares of the company’s stock worth $51,000 after buying an additional 177 shares during the last quarter. 99.71% of the stock is owned by hedge funds and other institutional investors.

About Visteon

Visteon Corporation is a global automotive electronics supplier that specializes in designing, engineering and manufacturing cockpit electronics and connected vehicle solutions. The company’s product portfolio spans digital instrument clusters, infotainment systems, domain controllers and advanced driver interaction technologies. By integrating hardware, software and services, Visteon aims to deliver complete cockpit electronics platforms that enhance driver experience, safety and connectivity.

Founded in 2000 as a spin-off from Ford Motor Company, Visteon has evolved its focus toward next-generation electronics and software-driven vehicle architectures.