Equifax Inc. Plans Quarterly Dividend of $0.39 (EFX)
Equifax Inc. (NYSE:EFX) announced a quarterly dividend on Friday, November 9th, RTT News reports. Stockholders of record on Friday, November 23rd will be given a dividend of 0.39 per share by the credit services provider on Friday, December 14th. This represents a $1.56 annualized dividend and a dividend yield of 1.57%. The ex-dividend date is Wednesday, November 21st.
Equifax has raised its dividend by an average of 16.0% annually over the last three years and has increased its dividend annually for the last 6 consecutive years. Equifax has a payout ratio of 26.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Equifax to earn $5.88 per share next year, which means the company should continue to be able to cover its $1.56 annual dividend with an expected future payout ratio of 26.5%.
Equifax stock traded down $0.96 during midday trading on Friday, hitting $99.36. The stock had a trading volume of 1,452,013 shares, compared to its average volume of 1,444,403. The firm has a market capitalization of $12.10 billion, a price-to-earnings ratio of 16.64, a P/E/G ratio of 2.43 and a beta of 1.11. Equifax has a 52-week low of $90.54 and a 52-week high of $138.69. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.81.
Several equities research analysts recently issued reports on EFX shares. Morgan Stanley set a $115.00 target price on shares of Equifax and gave the stock a “hold” rating in a report on Thursday, October 25th. Deutsche Bank set a $128.00 price objective on shares of Equifax and gave the company a “buy” rating in a report on Friday, October 26th. Credit Suisse Group assumed coverage on shares of Equifax in a report on Friday. They set an “outperform” rating and a $125.00 price objective for the company. Barclays cut their price objective on shares of Equifax from $120.00 to $105.00 and set an “equal weight” rating for the company in a report on Friday, October 26th. Finally, Wells Fargo & Co cut their price objective on shares of Equifax from $145.00 to $137.00 and set an “outperform” rating for the company in a report on Friday, October 26th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the stock. Equifax currently has a consensus rating of “Hold” and an average target price of $128.10.
Equifax Inc provides information solutions and human resources business process outsourcing services for businesses, governments, and consumers. The company operates through four segments: U.S. Information Solutions (USIS), International, Workforce Solutions, and Global Consumer Solutions. The USIS segment offers consumer and commercial information services, such as credit information and credit scoring, credit modeling and portfolio analytics, locate, fraud detection and prevention, identity verification, and other consulting; mortgage loan origination information; financial marketing; and identity management services.
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