Novartis AG Announces Annual Dividend of $4.77 (NYSE:NVS)

Novartis AG (NYSE:NVSGet Free Report) declared an annual dividend on Wednesday, February 4th. Stockholders of record on Wednesday, March 11th will be given a dividend of 4.773 per share on Monday, March 16th. This represents a dividend yield of 312.0%. The ex-dividend date is Wednesday, March 11th.

Novartis has decreased its dividend payment by an average of 0.3%annually over the last three years. Novartis has a dividend payout ratio of 28.7% meaning its dividend is sufficiently covered by earnings. Analysts expect Novartis to earn $8.81 per share next year, which means the company should continue to be able to cover its $2.59 annual dividend with an expected future payout ratio of 29.4%.

Novartis Price Performance

Shares of NYSE:NVS traded up $0.84 during trading on Thursday, reaching $153.75. The stock had a trading volume of 2,302,520 shares, compared to its average volume of 1,947,678. The business has a fifty day moving average price of $139.72 and a 200-day moving average price of $130.36. Novartis has a 1-year low of $97.71 and a 1-year high of $154.71. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.68 and a current ratio of 0.88. The stock has a market cap of $324.79 billion, a PE ratio of 21.01, a PEG ratio of 1.96 and a beta of 0.50.

Novartis (NYSE:NVSGet Free Report) last released its earnings results on Wednesday, February 4th. The company reported $2.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.99 by $0.04. The business had revenue of $524.00 million during the quarter, compared to analyst estimates of $13.85 billion. Novartis had a net margin of 26.49% and a return on equity of 41.21%. The company’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.98 earnings per share. On average, equities analysts forecast that Novartis will post 8.45 earnings per share for the current fiscal year.

Key Headlines Impacting Novartis

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Novartis Company Profile

(Get Free Report)

Novartis is a Swiss multinational pharmaceutical company headquartered in Basel that researches, develops, manufactures and commercializes prescription medicines and related health-care products. Formed through the 1996 merger of Ciba-Geigy and Sandoz, Novartis operates globally and focuses on bringing therapeutics from discovery through clinical development to commercial markets worldwide.

The company’s activities center on innovative pharmaceuticals across several therapeutic areas, including oncology, immunology, cardiovascular and metabolic diseases, neuroscience and ophthalmology, alongside capabilities in advanced therapies such as biologics, cell and gene therapies.

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Dividend History for Novartis (NYSE:NVS)

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