Opera Limited Sponsored ADR (NASDAQ:OPRA) Declares Dividend of $0.40

Opera Limited Sponsored ADR (NASDAQ:OPRA) declared a dividend on Wednesday, June 10th. Stockholders of record on Tuesday, July 7th will be paid a dividend of 0.40 per share on Wednesday, July 15th. This represents a dividend yield of 441.0%. The ex-dividend date is Tuesday, July 7th.

Opera has a dividend payout ratio of 61.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Opera to earn $1.39 per share next year, which means the company should continue to be able to cover its $0.78 annual dividend with an expected future payout ratio of 56.1%.

Opera Trading Up 2.3%

Shares of Opera stock traded up $0.40 on Friday, reaching $18.17. 86,298 shares of the stock were exchanged, compared to its average volume of 596,398. Opera has a 1-year low of $11.71 and a 1-year high of $21.06. The business has a fifty day moving average price of $17.28 and a two-hundred day moving average price of $15.07. The firm has a market capitalization of $1.63 billion, a PE ratio of 14.40 and a beta of 1.30.

Opera (NASDAQ:OPRA) last announced its quarterly earnings results on Saturday, February 14th. The company reported $0.30 earnings per share (EPS) for the quarter. The company had revenue of $176.65 million for the quarter. Opera had a net margin of 17.72% and a return on equity of 8.54%. Research analysts expect that Opera will post 1.12 EPS for the current year.

Hedge Funds Weigh In On Opera

A number of hedge funds have recently made changes to their positions in the business. Handelsbanken Fonder AB purchased a new stake in Opera in the 4th quarter valued at approximately $355,000. Bradley Foster & Sargent Inc. CT boosted its holdings in Opera by 35.3% in the 1st quarter. Bradley Foster & Sargent Inc. CT now owns 29,146 shares of the company’s stock valued at $416,000 after purchasing an additional 7,607 shares in the last quarter. State of Tennessee Department of Treasury purchased a new stake in Opera in the 2nd quarter valued at approximately $83,000. Goldman Sachs Group Inc. boosted its holdings in Opera by 24.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 153,906 shares of the company’s stock valued at $2,453,000 after purchasing an additional 30,662 shares in the last quarter. Finally, Harvey Capital Management Inc. boosted its holdings in Opera by 0.9% in the 4th quarter. Harvey Capital Management Inc. now owns 100,950 shares of the company’s stock valued at $1,429,000 after purchasing an additional 925 shares in the last quarter. Institutional investors own 10.21% of the company’s stock.

About Opera

Opera Limited (NASDAQ: OPRA) is a global software and internet services company best known for its cross-platform web browsers, including the flagship Opera Browser, Opera Mini for mobile devices and Opera GX designed for the gaming community. The company integrates features such as ad blocking, built-in VPN services and a cryptocurrency wallet into its desktop and mobile applications, aiming to deliver fast, secure and feature-rich browsing experiences to hundreds of millions of users worldwide.

Beyond its consumer-facing browsers, Opera operates Opera News, a personalized content and news aggregation platform with a strong presence in Africa and Asia, and Opera Ads, a digital advertising network that leverages user-behavior data to provide targeted ad placements across devices.