Ericsson to Issue Dividend of $0.17 (NASDAQ:ERIC)

Ericsson (NASDAQ:ERIC) announced a dividend on Friday, January 23rd, NASDAQ Dividends reports. Investors of record on Thursday, April 2nd will be given a dividend of 0.1663 per share by the communications equipment provider on Monday, March 30th. The ex-dividend date of this dividend is Thursday, April 2nd.

Ericsson has increased its dividend by an average of 0.1%annually over the last three years. Ericsson has a dividend payout ratio of 36.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect Ericsson to earn $0.53 per share next year, which means the company should continue to be able to cover its $0.22 annual dividend with an expected future payout ratio of 41.5%.

Ericsson Trading Down 1.0%

ERIC stock opened at $11.03 on Tuesday. The business has a fifty day moving average price of $11.12 and a 200 day moving average price of $9.93. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.29 and a quick ratio of 1.08. Ericsson has a fifty-two week low of $6.64 and a fifty-two week high of $12.11. The stock has a market capitalization of $37.18 billion, a price-to-earnings ratio of 12.53, a P/E/G ratio of 1.95 and a beta of 0.92.

Ericsson Company Profile

Ericsson AB is a Swedish multinational telecommunications equipment and services company headquartered in Stockholm. Founded in 1876 by Lars Magnus Ericsson, the company designs, develops and sells infrastructure, software and services that enable mobile and fixed-line networks worldwide. Ericsson serves a global customer base that includes mobile network operators, enterprise customers and public-sector organizations across Europe, the Americas, Asia-Pacific, the Middle East and Africa.

The company’s core activities center on building and modernizing network infrastructure, with a particular focus on radio access networks (RAN), core network software, cloud-native solutions and network management systems.