Nokia Corporation (NYSE:NOK) Declares Quarterly Dividend of $0.05

Nokia Corporation (NYSE:NOK) announced a quarterly dividend on Friday, February 27th. Investors of record on Tuesday, April 28th will be paid a dividend of 0.0468 per share by the technology company on Tuesday, May 12th. This represents a c) dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Tuesday, April 28th. This is a 30.5% increase from Nokia’s previous quarterly dividend of $0.04.

Nokia has a dividend payout ratio of 22.5% meaning its dividend is sufficiently covered by earnings. Analysts expect Nokia to earn $0.48 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 18.8%.

Nokia Price Performance

Shares of NYSE NOK opened at $10.45 on Friday. Nokia has a fifty-two week low of $4.00 and a fifty-two week high of $10.90. The firm’s 50-day simple moving average is $8.58 and its 200 day simple moving average is $7.19. The company has a quick ratio of 1.36, a current ratio of 1.58 and a debt-to-equity ratio of 0.11. The stock has a market cap of $59.98 billion, a P/E ratio of 65.29, a P/E/G ratio of 1.87 and a beta of 0.77.

Nokia (NYSE:NOK) last issued its quarterly earnings data on Thursday, March 5th. The technology company reported $0.11 earnings per share for the quarter. Nokia had a net margin of 4.02% and a return on equity of 9.22%. The business had revenue of $7.19 billion for the quarter. Equities analysts expect that Nokia will post 0.4 EPS for the current year.

Analysts Set New Price Targets

NOK has been the topic of a number of research analyst reports. Kepler Capital Markets raised Nokia from a “hold” rating to a “buy” rating in a report on Wednesday, January 7th. Wall Street Zen raised Nokia from a “hold” rating to a “buy” rating in a report on Saturday. Argus raised Nokia to a “hold” rating in a report on Wednesday, February 11th. Santander raised Nokia from a “neutral” rating to an “outperform” rating in a report on Monday, February 2nd. Finally, Citigroup reaffirmed a “sell” rating on shares of Nokia in a report on Friday, January 23rd. Ten investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Nokia presently has a consensus rating of “Moderate Buy” and an average price target of $8.83.

Nokia Company Profile

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.