STMicroelectronics N.V. (STM) to Issue Quarterly Dividend of $0.09 on December 23rd

STMicroelectronics N.V. (NYSE:STM) announced a quarterly dividend on Wednesday, May 28th. Shareholders of record on Tuesday, December 16th will be given a dividend of 0.09 per share by the semiconductor producer on Tuesday, December 23rd. This represents a c) dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Tuesday, December 16th.

STMicroelectronics has increased its dividend by an average of 0.1%annually over the last three years. STMicroelectronics has a dividend payout ratio of 19.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect STMicroelectronics to earn $1.87 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 16.0%.

STMicroelectronics Price Performance

NYSE STM opened at $25.99 on Friday. STMicroelectronics has a 12 month low of $17.25 and a 12 month high of $33.47. The firm has a market capitalization of $23.35 billion, a PE ratio of 44.82, a P/E/G ratio of 4.83 and a beta of 1.56. The company’s 50 day simple moving average is $25.34 and its 200 day simple moving average is $27.18. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.22 and a quick ratio of 2.28.

STMicroelectronics (NYSE:STM) last issued its quarterly earnings results on Wednesday, November 5th. The semiconductor producer reported $0.29 earnings per share (EPS) for the quarter. STMicroelectronics had a return on equity of 4.06% and a net margin of 4.55%.The firm had revenue of $3.19 billion during the quarter. As a group, equities research analysts forecast that STMicroelectronics will post 0.85 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on STM shares. Barclays reiterated an “underweight” rating on shares of STMicroelectronics in a research report on Tuesday, September 16th. BNP Paribas Exane upgraded shares of STMicroelectronics from a “neutral” rating to an “outperform” rating and set a $31.00 target price on the stock in a report on Thursday, September 4th. Weiss Ratings lowered shares of STMicroelectronics from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, October 8th. Mizuho started coverage on shares of STMicroelectronics in a research report on Tuesday, November 25th. They issued a “neutral” rating and a $22.00 price target on the stock. Finally, Susquehanna upped their price target on STMicroelectronics from $35.00 to $40.00 and gave the company a “positive” rating in a report on Wednesday, October 22nd. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $30.44.

STMicroelectronics Company Profile

STMicroelectronics N.V., together with its subsidiaries, designs, develops, manufactures, and sells semiconductor products in Europe, the Middle East, Africa, the Americas, and the Asia Pacific. The company operates through Automotive and Discrete Group; Analog, MEMS and Sensors Group; and Microcontrollers and Digital ICs Group segments.