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.

STMicroelectronics (NYSE:STM) last issued its earnings results on Thursday, October 26th. The semiconductor producer reported $0.28 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.04. The business had revenue of $2.14 billion for the quarter, compared to analysts’ expectations of $2.10 billion. STMicroelectronics had a return on equity of 13.47% and a net margin of 7.84%. The business’s revenue for the quarter was up 18.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.11 EPS. research analysts predict that STMicroelectronics will post 0.92 earnings per share for the current year.

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.

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About STMicroelectronics

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.

Dividend History for STMicroelectronics (NYSE:STM)

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