Nuvei Co. (NASDAQ:NVEI) Declares $0.10 Quarterly Dividend

Nuvei Co. (NASDAQ:NVEI) announced a quarterly dividend on Thursday, November 14th,Wall Street Journal reports. Shareholders of record on Tuesday, November 26th will be paid a dividend of 0.10 per share on Thursday, December 12th. This represents a $0.40 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date is Tuesday, November 26th.

Nuvei has a payout ratio of 16.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect Nuvei to earn $1.49 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 26.8%.

Nuvei Stock Performance

Shares of NASDAQ:NVEI opened at $33.99 on Friday. The company has a current ratio of 1.04, a quick ratio of 1.03 and a debt-to-equity ratio of 0.59. The company has a market cap of $4.82 billion, a price-to-earnings ratio of 226.60, a price-to-earnings-growth ratio of 1.73 and a beta of 2.51. Nuvei has a 12 month low of $19.07 and a 12 month high of $34.00. The company has a 50-day moving average price of $33.54 and a 200-day moving average price of $32.95.

Nuvei Company Profile

Nuvei Corporation provides payment technology solutions to merchants and partners in North America, Europe, the Middle East and Africa, Latin America, and the Asia Pacific. The company's platform enables customers to pay and/or accept payments worldwide regardless of the location, device, or preferred payment method.