STMicroelectronics N.V. (STM) to Issue Quarterly Dividend of $0.06 on December 27th
STMicroelectronics N.V. (NYSE:STM) announced a quarterly dividend on Monday, December 4th, Wall Street Journal reports. Investors of record on Tuesday, December 19th will be given a dividend of 0.06 per share by the semiconductor producer on Wednesday, December 27th. This represents a $0.24 annualized dividend and a yield of 1.11%. The ex-dividend date is Monday, December 18th.
STMicroelectronics has decreased its dividend payment by an average of 18.1% annually over the last three years. STMicroelectronics has a payout ratio of 21.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect STMicroelectronics to earn $1.26 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 15.9%.
STMicroelectronics (NYSE:STM) opened at $21.62 on Friday. The firm has a market capitalization of $19,696.47, a P/E ratio of 29.62, a PEG ratio of 4.71 and a beta of 0.78. STMicroelectronics has a twelve month low of $10.67 and a twelve month high of $24.80. The company has a current ratio of 2.29, a quick ratio of 1.73 and a debt-to-equity ratio of 0.33.
STM has been the topic of several recent research reports. Craig Hallum boosted their target price on STMicroelectronics from $21.00 to $26.00 and gave the stock a “buy” rating in a report on Thursday, October 26th. ValuEngine cut STMicroelectronics from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, Zacks Investment Research upgraded STMicroelectronics from a “hold” rating to a “strong-buy” rating and set a $27.00 target price on the stock in a report on Tuesday, October 31st. One analyst has rated the stock with a sell rating, three have given a hold rating, five have given a buy rating and two have assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $21.88.
STMicroelectronics N.V. is a global semiconductor company that designs, develops, manufactures and markets a range of products, including discrete and standard commodity components, and application-specific integrated circuits (ASICs) for analog, digital and mixed-signal applications. The Company’s segments include Automotive and Discrete Group (ADG), Analog and MEMS Group (AMG), Microcontrollers and Digital ICs Group (MDG), and Others.
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