VeriSign Declares First Dividend in Over a Decade

Published 2 hours agoVRSN

VeriSign Declares First Dividend in Over a Decade

VeriSign has announced the introduction of a quarterly cash dividend of $0.77 per share, its first since 2011. Shareholders will receive the dividend on May 28, 2025, with the eligibility for payment determined by their status on May 19, 2025. This move marks a significant shift in the company’s capital return policy, aiming to enhance shareholder value.

According to Insider Monkey, VeriSign's recent financial performance was robust, with the company reporting a 4.7% increase in revenue to $402.3 million for Q1 2025 compared to the previous year. The adjusted earnings per share of $2.10 exceeded analyst expectations, indicating a strong quarter. Despite a slight decline in total .com and .net domain registrations, VeriSign saw an increase in new registrations, reaching 10.1 million, up from 9.5 million in Q1 2024.

Additionally, VeriSign has implemented strategic initiatives to strengthen its financial standing. The company reported a rise in cash flow from operations, totaling $291 million. In a bid to return capital to shareholders, VeriSign repurchased 1 million shares for $230 million during the quarter. These actions reflect VeriSign's focused approach on financial returns and shareholder engagement.

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VeriSign Declares First Dividend in Over a Decade

VeriSign Declares First Dividend in Over a Decade

2 hours agoVRSN

VeriSign has announced the introduction of a quarterly cash dividend of $0.77 per share, its first since 2011. Shareholders will receive the dividend on May 28, 2025, with the eligibility for payment determined by their status on May 19, 2025. This move marks a significant shift in the company’s capital return policy, aiming to enhance shareholder value. According to Insider Monkey, VeriSign's recent financial performance was robust, with the company reporting a 4.7% increase in revenue to $402.3 million for Q1 2025 compared to the previous year. The adjusted earnings per share of $2.10 exceeded analyst expectations, indicating a strong quarter. Despite a slight decline in total .com and .net domain registrations, VeriSign saw an increase in new registrations, reaching 10.1 million, up from 9.5 million in Q1 2024. Additionally, VeriSign has implemented strategic initiatives to strengthen its financial standing. The company reported a rise in cash flow from operations, totaling $291 million. In a bid to return capital to shareholders, VeriSign repurchased 1 million shares for $230 million during the quarter. These actions reflect VeriSign's focused approach on financial returns and shareholder engagement.