Vistra Corp. (VST) to Issue Quarterly Dividend of $0.22 on September 30th

Vistra Corp. (NYSE:VST) announced a quarterly dividend on Wednesday, July 31st, RTT News reports. Stockholders of record on Friday, September 20th will be given a dividend of 0.2195 per share on Monday, September 30th. This represents a $0.88 annualized dividend and a dividend yield of 0.96%. The ex-dividend date is Friday, September 20th. This is a positive change from Vistra’s previous quarterly dividend of $0.22.

Vistra has increased its dividend by an average of 15.0% annually over the last three years. Vistra has a payout ratio of 12.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect Vistra to earn $6.86 per share next year, which means the company should continue to be able to cover its $0.88 annual dividend with an expected future payout ratio of 12.8%.

Vistra Stock Performance

NYSE:VST opened at $91.17 on Wednesday. Vistra has a fifty-two week low of $31.16 and a fifty-two week high of $107.24. The company has a debt-to-equity ratio of 2.89, a quick ratio of 0.88 and a current ratio of 0.98. The stock’s fifty day moving average is $79.83 and its 200 day moving average is $79.79. The firm has a market capitalization of $31.68 billion, a PE ratio of 55.93 and a beta of 1.08.

Vistra (NYSE:VST) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.90 earnings per share for the quarter, missing the consensus estimate of $1.59 by ($0.69). Vistra had a return on equity of 21.05% and a net margin of 4.61%. The business had revenue of $3.85 billion during the quarter, compared to analysts’ expectations of $4.04 billion. During the same quarter in the previous year, the company posted $1.03 earnings per share. On average, sell-side analysts anticipate that Vistra will post 4.86 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have recently weighed in on VST shares. Jefferies Financial Group started coverage on Vistra in a research report on Friday, September 13th. They set a “buy” rating and a $99.00 target price for the company. Morgan Stanley lifted their price objective on shares of Vistra from $109.00 to $110.00 and gave the company an “overweight” rating in a report on Friday, August 23rd. Seven investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $89.43.

About Vistra

Vistra Corp., together with its subsidiaries, operates as an integrated retail electricity and power generation company. The company operates through six segments: Retail, Texas, East, West, Sunset, and Asset Closure. It retails electricity and natural gas to residential, commercial, and industrial customers across states in the United States and the District of Columbia.