Autoliv, Inc. (NYSE:ALV) Plans Quarterly Dividend of $0.87

Autoliv, Inc. (NYSE:ALV) announced a quarterly dividend on Thursday, August 13th. Stockholders of record on Friday, August 28th will be paid a dividend of 0.87 per share by the auto parts company on Tuesday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Friday, August 28th.

Autoliv has increased its dividend by an average of 0.2%per year over the last three years and has increased its dividend every year for the last 1 years. Autoliv has a dividend payout ratio of 33.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect Autoliv to earn $11.60 per share next year, which means the company should continue to be able to cover its $3.48 annual dividend with an expected future payout ratio of 30.0%.

Autoliv Stock Performance

Shares of NYSE ALV opened at $121.38 on Friday. The firm’s 50-day moving average price is $121.01 and its 200-day moving average price is $118.18. Autoliv has a 52-week low of $99.16 and a 52-week high of $132.17. The company has a market cap of $8.89 billion, a PE ratio of 14.30, a PEG ratio of 0.96 and a beta of 1.34. The company has a quick ratio of 0.79, a current ratio of 1.03 and a debt-to-equity ratio of 0.67.

Autoliv (NYSE:ALV) last released its quarterly earnings data on Friday, July 17th. The auto parts company reported $2.43 earnings per share for the quarter, missing the consensus estimate of $2.46 by ($0.03). The company had revenue of $2.80 billion for the quarter, compared to analysts’ expectations of $2.77 billion. Autoliv had a net margin of 5.79% and a return on equity of 29.36%. The firm’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same period in the previous year, the firm earned $2.21 earnings per share. As a group, analysts anticipate that Autoliv will post 10.04 EPS for the current year.

About Autoliv

Autoliv Inc (NYSE: ALV) is a leading global supplier of automotive safety systems, specializing in the design, development and manufacture of passive and active safety products. Its core product portfolio includes airbags, seatbelts, steering wheels, restraint control modules and pedestrian protection systems. In recent years, the company has also expanded into active safety technologies, offering radar, camera and sensor solutions that support advanced driver assistance systems (ADAS) and autonomous driving applications.

Founded in 1997 following the spin-off of Electrolux’s automotive safety business, Autoliv has evolved into a multinational organization with a presence in over 27 countries.