Nokia Corporation (NOK) to Distribute Quarterly Dividend of $0.05 on August 11th

Nokia Corporation (NYSE:NOK) announced a quarterly dividend on Friday, February 27th. Stockholders of record on Tuesday, July 28th will be given a dividend of 0.0455 per share by the technology company on Tuesday, August 11th. This represents a c) annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Tuesday, July 28th.

Nokia has a dividend payout ratio of 30.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Nokia to earn $0.50 per share next year, which means the company should continue to be able to cover its $0.12 annual dividend with an expected future payout ratio of 24.0%.

Nokia Trading Down 6.7%

Shares of NOK opened at $9.07 on Friday. The company has a quick ratio of 1.32, a current ratio of 1.57 and a debt-to-equity ratio of 0.11. Nokia has a 12-month low of $4.00 and a 12-month high of $17.45. The firm has a market capitalization of $52.11 billion, a PE ratio of 64.81, a price-to-earnings-growth ratio of 1.29 and a beta of 1.17. The stock’s fifty day simple moving average is $13.37 and its 200-day simple moving average is $10.26.

Nokia (NYSE:NOK) last posted its quarterly earnings results on Thursday, July 23rd. The technology company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.01. The business had revenue of $5.50 billion for the quarter, compared to analysts’ expectations of $5.57 billion. Nokia had a return on equity of 9.92% and a net margin of 3.49%.The firm’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.04 earnings per share. As a group, research analysts predict that Nokia will post 0.41 earnings per share for the current year.

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.