VeriSign Q1 EPS $2.10 vs $1.92 YoY; initiates $0.77 quarterly dividend

VERISIGN INC/CA

Revenue $402M (+4.7% YoY); net income $199M; diluted EPS $2.10 vs $1.92 a year ago.
Board declared $0.77/share quarterly cash dividend; payable May 28, record May 19.
Issued $500M 5.25% Senior Notes due 2032; proceeds used to repay $500M notes due 2025.
Repurchased 1.0M shares for $230M; $793M remaining under buyback program.
.com/.net domain base 169.8M, down 1.5% YoY; renewal rate improved to 74% from 73.2%.

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