Vistra Corp. (NYSE:VST) Announces Quarterly Dividend of $0.22

Vistra Corp. (NYSE:VST) declared a quarterly dividend on Wednesday, July 31st, RTT News reports. Investors 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 boost from Vistra’s previous quarterly dividend of $0.22.

Vistra has increased its dividend payment 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. Equities 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 Price Performance

Shares of VST opened at $91.17 on Wednesday. The company has a 50 day moving average of $79.83 and a two-hundred day moving average of $79.79. The company has a quick ratio of 0.88, a current ratio of 0.98 and a debt-to-equity ratio of 2.89. Vistra has a twelve month low of $31.16 and a twelve month high of $107.24. The company has a market cap of $31.68 billion, a price-to-earnings ratio of 55.93 and a beta of 1.08.

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

Wall Street Analyst Weigh In

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

Vistra Company Profile

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.