Koninklijke Philips N.V. (NYSE:PHG) Announces Dividend Increase – $1.01 Per Share

Koninklijke Philips N.V. (NYSE:PHG) declared an annual dividend on Tuesday, February 10th. Investors of record on Wednesday, May 13th will be paid a dividend of 1.013 per share by the technology company on Wednesday, June 3rd. This represents a yield of 318.0%. The ex-dividend date of this dividend is Wednesday, May 13th. This is a 14.3% increase from Koninklijke Philips’s previous annual dividend of $0.89.

Koninklijke Philips has increased its dividend payment by an average of 0.0%annually over the last three years. Koninklijke Philips has a dividend payout ratio of 47.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Koninklijke Philips to earn $1.93 per share next year, which means the company should continue to be able to cover its $0.82 annual dividend with an expected future payout ratio of 42.5%.

Koninklijke Philips Price Performance

NYSE:PHG traded down $0.87 on Wednesday, reaching $32.04. 1,417,537 shares of the company’s stock traded hands, compared to its average volume of 1,022,307. The firm has a market cap of $30.85 billion, a PE ratio of 160.15, a P/E/G ratio of 0.84 and a beta of 0.79. The company has a quick ratio of 0.86, a current ratio of 1.32 and a debt-to-equity ratio of 0.68. The stock has a 50-day simple moving average of $28.27 and a 200-day simple moving average of $27.91. Koninklijke Philips has a 12 month low of $21.48 and a 12 month high of $33.44.

Koninklijke Philips (NYSE:PHG) last issued its earnings results on Tuesday, February 10th. The technology company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.20. Koninklijke Philips had a return on equity of 12.14% and a net margin of 1.07%.The company had revenue of $5.98 billion for the quarter, compared to the consensus estimate of $5.03 billion. Equities research analysts forecast that Koninklijke Philips will post 1.63 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on PHG shares. Weiss Ratings raised shares of Koninklijke Philips from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, January 12th. Wall Street Zen upgraded Koninklijke Philips from a “hold” rating to a “buy” rating in a research report on Saturday, January 10th. Sanford C. Bernstein raised Koninklijke Philips to a “hold” rating in a report on Wednesday, December 17th. Zacks Research downgraded Koninklijke Philips from a “hold” rating to a “strong sell” rating in a research report on Wednesday, January 14th. Finally, Royal Bank Of Canada began coverage on Koninklijke Philips in a report on Wednesday, December 17th. They set a “sector perform” rating for the company. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold”.

Koninklijke Philips Company Profile

Koninklijke Philips N.V. (NYSE: PHG), commonly known as Philips, is a Dutch multinational company focused on health technology. Founded in Eindhoven in 1891, the company evolved from a diversified electronics manufacturer into a specialist in healthcare products, systems and services. Philips is legally registered in the Netherlands and operates globally, supplying equipment and solutions to hospitals, clinics, healthcare providers and consumers across Europe, the Americas and Asia.

Philips’ principal activities center on medical technologies and personal health.