STMicroelectronics NV (STM) Declares $0.06 Quarterly Dividend
STMicroelectronics NV (NYSE:STM) announced a quarterly dividend on Thursday, February 8th, Wall Street Journal reports. Stockholders of record on Tuesday, March 20th will be given a dividend of 0.06 per share by the semiconductor producer on Tuesday, March 27th. This represents a $0.24 annualized dividend and a dividend yield of 1.00%. The ex-dividend date of this dividend is Monday, March 19th.
STMicroelectronics has decreased its dividend payment by an average of 15.7% per year over the last three years. STMicroelectronics has a payout ratio of 21.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect STMicroelectronics to earn $1.66 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 12.0%.
Shares of STMicroelectronics (NYSE STM) opened at $23.92 on Wednesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.52 and a quick ratio of 1.86. The company has a market cap of $22,047.15, a PE ratio of 25.09, a PEG ratio of 3.68 and a beta of 0.75. STMicroelectronics has a twelve month low of $14.07 and a twelve month high of $25.30.
Several research analysts recently commented on the stock. ValuEngine upgraded shares of STMicroelectronics from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Vetr lowered shares of STMicroelectronics from a “buy” rating to a “hold” rating and set a $25.44 price objective for the company. in a research note on Monday. Kepler Capital Markets upgraded shares of STMicroelectronics from a “reduce” rating to a “hold” rating in a research note on Friday, January 26th. Credit Suisse Group upgraded shares of STMicroelectronics from a “neutral” rating to a “buy” rating in a research note on Thursday, January 11th. Finally, Craig Hallum reiterated a “buy” rating and set a $30.00 price objective (up previously from $26.00) on shares of STMicroelectronics in a research note on Thursday, January 25th. Four analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $23.39.
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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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