VeriSign Q1 Earnings, Revenue Rise; Initiates Dividend

MT Newswires Live
04-25

VeriSign (VRSN) reported Q1 earnings late Thursday of $2.10 per diluted share, up from $1.92 a year earlier.

Revenue for the quarter ended March 31 was $402.3 million, up from $384.3 million a year earlier.

Two analysts polled by FactSet expected $401.9 million.

The company declared a dividend of $0.77 per share, payable May 28 to holders of record May 19.

"As part of our ongoing commitment to return value to shareholders, I'm particularly pleased to announce the initiation of a quarterly cash dividend," said Jim Bidzos, Executive Chairman, President and CEO.

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