Lexmark International Inc. (NYSE:LXK) announced a quarterly dividend on Friday, October 28th. Shareholders of record on Friday, December 2nd will be paid a dividend of 0.36 per share on Friday, December 16th. This represents a $1.44 annualized dividend and a yield of 3.56%. The ex-dividend date is Wednesday, November 30th.

Shares of Lexmark International (NYSE:LXK) opened at 40.48 on Friday. The firm’s 50-day moving average price is $39.96 and its 200 day moving average price is $37.67. Lexmark International has a one year low of $24.11 and a one year high of $40.49. The firm’s market cap is $2.55 billion.

Lexmark International (NYSE:LXK) last announced its quarterly earnings results on Friday, October 28th. The company reported $0.77 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.18. Lexmark International had a positive return on equity of 17.62% and a negative net margin of 1.93%. The business earned $844 million during the quarter. Analysts predict that Lexmark International will post $2.44 EPS for the current year.

Dividend History for Lexmark International (NYSE:LXK)

Separately, Zacks Investment Research upgraded Lexmark International from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 25th. Five analysts have rated the stock with a hold rating, The stock currently has an average rating of “Hold” and an average price target of $35.50.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Alpine Associates Management Inc. purchased a new position in Lexmark International during the second quarter valued at $38,157,000. Credit Suisse AG increased its position in Lexmark International by 806.4% in the second quarter. Credit Suisse AG now owns 1,106,127 shares of the company’s stock valued at $41,755,000 after buying an additional 984,094 shares during the last quarter. Highbridge Capital Management LLC purchased a new position in Lexmark International during the second quarter valued at $15,100,000. TIAA CREF Investment Management LLC increased its position in Lexmark International by 58.6% in the second quarter. TIAA CREF Investment Management LLC now owns 554,157 shares of the company’s stock valued at $20,919,000 after buying an additional 204,796 shares during the last quarter. Finally, Cornerstone Capital Management Holdings LLC. purchased a new position in Lexmark International during the third quarter valued at $5,630,000. Institutional investors own 79.21% of the company’s stock.

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About Lexmark International

Lexmark International, Inc is a developer, manufacturer and supplier of printing, imaging, device management, managed print services (MPS), document workflow, and business process and content management solutions. The Company operates through two segments: Imaging Solutions and Services (ISS) and Enterprise Software.

5 Day Chart for NYSE:LXK

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