Vinci Partners Investments Ltd. (NASDAQ:VINP) to Issue $0.15 Quarterly Dividend

Vinci Partners Investments Ltd. (NASDAQ:VINP) announced a quarterly dividend on Thursday, February 27th, Wall Street Journal reports. Stockholders of record on Thursday, March 13th will be given a dividend of 0.15 per share on Thursday, March 27th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.13%. The ex-dividend date is Thursday, March 13th.

Vinci Partners Investments has raised its dividend by an average of 15.0% per year over the last three years. Vinci Partners Investments has a payout ratio of 68.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Vinci Partners Investments to earn $0.72 per share next year, which means the company should continue to be able to cover its $0.64 annual dividend with an expected future payout ratio of 88.9%.

Vinci Partners Investments Stock Performance

VINP traded down $0.23 on Thursday, reaching $9.78. 222,992 shares of the stock were exchanged, compared to its average volume of 72,779. The company has a debt-to-equity ratio of 0.51, a current ratio of 12.68 and a quick ratio of 12.68. Vinci Partners Investments has a fifty-two week low of $9.01 and a fifty-two week high of $11.85. The company’s 50-day moving average price is $10.08 and its 200 day moving average price is $10.23. The firm has a market capitalization of $525.96 million, a PE ratio of 15.77 and a beta of 0.10.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group reiterated a “buy” rating and issued a $13.00 target price on shares of Vinci Partners Investments in a research note on Thursday, December 5th.

Vinci Partners Investments Company Profile

Vinci Partners Investments Ltd. operates as an asset management firm in Brazil. The company focuses on private markets, liquid strategies, investment products and solutions, and retirement services. It offers private equity, infrastructure, real estate, credit, special situations, equities, hedge funds, and investment products and solutions comprising portfolio and management services.