Nokia Corporation (NOK) To Go Ex-Dividend on October 27th

Nokia Corporation (NYSE:NOK) announced a quarterly dividend on Friday, February 27th. Stockholders of record on Tuesday, October 27th will be given a dividend of $0.0337 per share by the technology company on Tuesday, November 10th. This represents a $0.13 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Tuesday, October 27th. This is a 26.1% decrease from Nokia’s previous quarterly dividend of $0.0455.

Nokia has a dividend payout ratio of 20.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect Nokia to earn $0.48 per share next year, which means the company should continue to be able to cover its $0.08 annual dividend with an expected future payout ratio of 16.7%.

Nokia Stock Up 3.1%

NOK stock opened at $8.12 on Friday. The firm has a market cap of $46.64 billion, a PE ratio of 50.77, a PEG ratio of 0.97 and a beta of 1.19. The company has a fifty day simple moving average of $10.10 and a 200 day simple moving average of $11.43. Nokia has a 1 year low of $5.86 and a 1 year high of $17.45. The company has a current ratio of 1.50, a quick ratio of 1.22 and a debt-to-equity ratio of 0.09.

Nokia (NYSE:NOK) last released its earnings results on Thursday, October 22nd. The technology company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.02. Nokia had a net margin of 3.80% and a return on equity of 10.48%. The firm had revenue of $5.84 billion during the quarter, compared to analyst estimates of $5.72 billion. During the same quarter in the previous year, the business earned $0.06 EPS. The business’s revenue was up 9.7% on a year-over-year basis. Sell-side analysts anticipate that Nokia will post 0.40 EPS for the current fiscal year.

About Nokia

Nokia Oyj is a Finland-based technology company that provides communications networking equipment, software and related services to telecommunications operators, enterprises, governments and other organizations worldwide. Its offerings support fixed and mobile broadband, optical and IP networks, data centers, cloud environments and private wireless communications.

The company’s business activities include mobile network infrastructure, network automation and management software, fiber and broadband access, optical networking, routing, data-center networking, and cloud and network services.