Nokia Corporation (NYSE:NOK) Raises Dividend to $0.04 Per Share

Nokia Corporation (NYSE:NOK) announced a quarterly dividend on Monday, February 3rd. Stockholders of record on Tuesday, February 3rd will be given a dividend of 0.0359 per share by the technology company on Wednesday, February 18th. This represents a c) dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Tuesday, February 3rd. This is a 3.1% increase from Nokia’s previous quarterly dividend of $0.03.

Nokia has a payout ratio of 22.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect Nokia to earn $0.39 per share next year, which means the company should continue to be able to cover its $0.09 annual dividend with an expected future payout ratio of 23.1%.

Nokia Stock Up 2.1%

Shares of Nokia stock opened at $6.43 on Friday. Nokia has a 1 year low of $4.00 and a 1 year high of $8.19. The firm has a market cap of $36.89 billion, a price-to-earnings ratio of 49.43 and a beta of 0.77. The company has a 50-day moving average of $6.42 and a 200 day moving average of $5.57. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.48 and a quick ratio of 1.23.

About Nokia

Nokia Corporation, headquartered in Espoo, Finland, is a global telecommunications and technology company with roots dating back to 1865. Over its long history the company moved from forestry and cable operations into electronics and telecommunications, becoming widely known in the 1990s and 2000s for its mobile phones. In recent years Nokia refocused its business toward network infrastructure, software and technology licensing, and research and development, following the divestiture of its handset manufacturing business and the acquisition of Alcatel‑Lucent in 2016, which brought Bell Labs into its portfolio.

Today Nokia’s core activities center on designing, building and supporting communications networks and related software.