STMicroelectronics N.V. (NYSE:STM) Declares Quarterly Dividend of $0.09

STMicroelectronics N.V. (NYSE:STM) declared a quarterly dividend on Thursday, March 26th. Shareholders of record on Tuesday, September 22nd will be given a dividend of 0.09 per share by the semiconductor producer on Tuesday, September 29th. This represents a c) dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Tuesday, September 22nd.

STMicroelectronics has raised its dividend by an average of 0.1%per year over the last three years. STMicroelectronics has a payout ratio of 19.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect STMicroelectronics to earn $2.77 per share next year, which means the company should continue to be able to cover its $0.30 annual dividend with an expected future payout ratio of 10.8%.

STMicroelectronics Stock Up 3.4%

Shares of NYSE STM opened at $50.27 on Friday. The stock has a market capitalization of $45.15 billion, a PE ratio of 98.58 and a beta of 1.93. The company has a quick ratio of 2.08, a current ratio of 2.78 and a debt-to-equity ratio of 0.16. The firm has a fifty day moving average of $53.80 and a 200-day moving average of $54.31. STMicroelectronics has a 52-week low of $21.11 and a 52-week high of $81.42.

STMicroelectronics (NYSE:STM) last issued its earnings results on Friday, July 24th. The semiconductor producer reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.05. The firm had revenue of $3.49 billion for the quarter, compared to analysts’ expectations of $3.46 billion. STMicroelectronics had a return on equity of 4.30% and a net margin of 3.56%. On average, analysts anticipate that STMicroelectronics will post 1.3 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of STM. Anchor Investment Management LLC purchased a new position in STMicroelectronics in the second quarter valued at about $37,000. Revere Asset Management Inc purchased a new stake in STMicroelectronics during the 2nd quarter worth approximately $8,437,000. Sequoia Financial Advisors LLC raised its position in shares of STMicroelectronics by 21.9% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 17,929 shares of the semiconductor producer’s stock valued at $1,343,000 after purchasing an additional 3,216 shares in the last quarter. MCF Advisors LLC acquired a new position in shares of STMicroelectronics in the 2nd quarter valued at approximately $57,000. Finally, Engineers Gate Manager LP acquired a new position in shares of STMicroelectronics in the 2nd quarter valued at approximately $7,407,000. Institutional investors and hedge funds own 5.05% of the company’s stock.

STMicroelectronics Company Profile

STMicroelectronics N.V. (NYSE: STM) is a global semiconductor company that designs, develops, manufactures and markets a broad range of integrated circuits and electronic components. Its products are used in automotive systems, industrial equipment, personal electronics, communications infrastructure and other embedded applications.

The company’s portfolio includes microcontrollers and microprocessors, analog and mixed-signal devices, power semiconductors, sensors, MEMS devices, connectivity products and automotive semiconductors.