- VeriSign (VRSN, Financial) declares a quarterly dividend, delivering a forward yield of 1.22%.
- Analysts set a varied price target for VRSN, indicating a slight potential upside.
- GuruFocus estimates suggest a slight downside based on GF Value comparisons.
Dividend Announcement
In its latest announcement, VeriSign (VRSN) has declared a quarterly dividend of $0.77 per share, reflecting a forward yield of 1.22%. The dividend is slated for distribution on May 28, with the ex-dividend date set for May 19. Shareholders must be on record by May 19 to be eligible for this payout, making it a significant date for investors looking to capitalize on this income opportunity.
Analyst Price Targets and Recommendations
Market analysts have projected a varied one-year price target for VeriSign Inc (VRSN, Financial), with estimates from three analysts averaging at $253.04. The projections range from a high of $288.00 to a low of $196.11. This average target indicates a marginal upside of 0.18% compared to the current stock price of $252.59. For more in-depth analysis, investors can explore the VeriSign Inc (VRSN) Forecast page.
Further, according to insights from four brokerage firms, VeriSign Inc (VRSN, Financial) holds an "Outperform" status with an average brokerage recommendation of 2.3. This rating suggests a positive outlook, falling closer to the "Strong Buy" end of the rating spectrum, which spans from 1 (Strong Buy) to 5 (Sell).
GuruFocus GF Value Analysis
According to GuruFocus estimates, the estimated GF Value for VeriSign Inc (VRSN, Financial) in the forthcoming year is projected at $248.28. This presents a slight downside of 1.71% from the current trading price of $252.59. The GF Value is GuruFocus' calculation of the fair trading value of the stock, derived from historical trading multiples, past growth vectors, and future performance projections for the business. For further details, potential investors can visit the VeriSign Inc (VRSN) Summary page.
Investors should weigh these insights when considering their investment strategies, keeping an eye on market dynamics and analyst perspectives.
