AVX Co. (NYSE:AVX) declared a quarterly dividend on Thursday, July 19th, NASDAQ reports. Investors of record on Wednesday, August 1st will be paid a dividend of 0.115 per share by the electronics maker on Wednesday, August 15th. This represents a $0.46 annualized dividend and a yield of 2.53%. The ex-dividend date of this dividend is Tuesday, July 31st.

AVX has raised its dividend by an average of 4.5% per year over the last three years and has raised its dividend annually for the last 5 consecutive years. AVX has a payout ratio of 61.3% meaning its dividend is sufficiently covered by earnings. Research analysts expect AVX to earn $0.80 per share next year, which means the company should continue to be able to cover its $0.46 annual dividend with an expected future payout ratio of 57.5%.

Shares of AVX opened at $18.19 on Friday, Marketbeat Ratings reports. AVX has a 1-year low of $14.51 and a 1-year high of $20.22. The stock has a market cap of $3.04 billion, a price-to-earnings ratio of 22.74 and a beta of 0.87.

AVX (NYSE:AVX) last issued its quarterly earnings results on Wednesday, April 25th. The electronics maker reported $0.19 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.19. AVX had a return on equity of 6.01% and a net margin of 0.31%. The firm had revenue of $446.60 million during the quarter, compared to the consensus estimate of $410.00 million. During the same period last year, the business posted $0.20 EPS. The business’s revenue was up 35.5% compared to the same quarter last year. sell-side analysts predict that AVX will post 0.75 earnings per share for the current year.

In other AVX news, CAO Michael E. Hufnagel sold 3,000 shares of AVX stock in a transaction dated Tuesday, May 1st. The stock was sold at an average price of $16.74, for a total transaction of $50,220.00. Following the completion of the transaction, the chief accounting officer now owns 500 shares in the company, valued at approximately $8,370. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman John Sarvis sold 6,000 shares of AVX stock in a transaction dated Tuesday, May 15th. The shares were sold at an average price of $15.71, for a total value of $94,260.00. Following the transaction, the chairman now owns 23,711 shares of the company’s stock, valued at approximately $372,499.81. The disclosure for this sale can be found here. 0.46% of the stock is currently owned by insiders.

A number of brokerages have weighed in on AVX. ValuEngine upgraded AVX from a “hold” rating to a “buy” rating in a report on Thursday, July 5th. Zacks Investment Research upgraded AVX from a “sell” rating to a “hold” rating in a research note on Tuesday, June 26th. Finally, Citigroup upgraded AVX from a “neutral” rating to a “buy” rating in a research note on Tuesday, July 3rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $18.50.

AVX Company Profile

AVX Corporation, together with its subsidiaries, manufactures and supplies various passive electronic components, interconnect devices, and related products worldwide. The company operates through three segments: Passive Components, Kyocera Electronic Devices (KED Resale), and Interconnect. The Passive Components segment primarily offers surface mount and leaded ceramic capacitors, RF thick and thin film components, surface mount and leaded tantalum capacitors, surface mount and leaded film capacitors, ceramic and film power capacitors, super capacitors, EMI filters, thick and thin film packages of multiple passive integrated components, varistors, thermistors, inductors, and resistive products.

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Dividend History for AVX (NYSE:AVX)

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