Global Payments Inc. (GPN) to Issue Quarterly Dividend of $0.25 on December 27th

Global Payments Inc. (NYSE:GPN) announced a quarterly dividend on Wednesday, October 30th,RTT News reports. Stockholders of record on Friday, December 13th will be paid a dividend of 0.25 per share by the business services provider on Friday, December 27th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date is Friday, December 13th.

Global Payments has raised its dividend by an average of 8.6% annually over the last three years. Global Payments has a payout ratio of 7.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Global Payments to earn $12.13 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 8.2%.

Global Payments Stock Down 0.9 %

Shares of NYSE:GPN opened at $115.76 on Wednesday. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.65. The firm has a market cap of $29.46 billion, a P/E ratio of 21.80, a P/E/G ratio of 0.90 and a beta of 1.00. Global Payments has a 12 month low of $91.60 and a 12 month high of $141.77. The company’s 50-day moving average price is $108.39 and its two-hundred day moving average price is $104.19.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Morgan Stanley lowered their price target on shares of Global Payments from $164.00 to $156.00 and set an “overweight” rating for the company in a report on Wednesday, September 25th. B. Riley dropped their target price on Global Payments from $204.00 to $194.00 and set a “buy” rating for the company in a research report on Wednesday, September 25th. Monness Crespi & Hardt cut their price target on Global Payments from $165.00 to $155.00 and set a “buy” rating on the stock in a research note on Wednesday, September 25th. Barclays lowered their price objective on Global Payments from $145.00 to $120.00 and set an “overweight” rating for the company in a research report on Monday, September 30th. Finally, Jefferies Financial Group cut their target price on shares of Global Payments from $130.00 to $120.00 and set a “buy” rating on the stock in a research report on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $137.41.

About Global Payments

Global Payments Inc provides payment technology and software solutions for card, check, and digital-based payments in the Americas, Europe, and the Asia-Pacific. It operates through two segments, Merchant Solutions and Issuer Solutions. The Merchant Solutions segment offers authorization, settlement and funding, customer support, chargeback resolution, terminal rental, sales and deployment, payment security, and consolidated billing and reporting services.