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

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

Nuvei has a dividend payout ratio of 16.7% meaning 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 NVEI opened at $33.99 on Monday. The company has a quick ratio of 1.03, a current ratio of 1.04 and a debt-to-equity ratio of 0.59. Nuvei has a 52-week low of $19.07 and a 52-week high of $34.00. The company has a 50-day simple moving average of $33.54 and a 200-day simple moving average of $32.96. The company has a market capitalization of $4.82 billion, a PE ratio of 226.60, a P/E/G ratio of 1.73 and a beta of 2.51.

About Nuvei

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.