Koninklijke Philips N.V. (PHG) To Go Ex-Dividend on May 13th

Koninklijke Philips N.V. (NYSE:PHG) declared an annual dividend on Tuesday, February 10th. Shareholders of record on Wednesday, May 13th will be given a dividend of 1.013 per share by the technology company on Wednesday, June 3rd. This represents a yield of 318.0%. The ex-dividend date of this dividend is Wednesday, May 13th. This is a 14.3% increase from Koninklijke Philips’s previous annual dividend of $0.89.

Koninklijke Philips has raised its dividend by an average of 0.0%per year over the last three years. Koninklijke Philips has a dividend payout ratio of 47.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Koninklijke Philips to earn $1.93 per share next year, which means the company should continue to be able to cover its $0.82 annual dividend with an expected future payout ratio of 42.5%.

Koninklijke Philips Stock Down 2.6%

Shares of NYSE:PHG opened at $32.07 on Thursday. The company’s fifty day moving average is $28.35 and its two-hundred day moving average is $27.94. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.86 and a current ratio of 1.32. Koninklijke Philips has a 1-year low of $21.48 and a 1-year high of $33.44. The stock has a market capitalization of $30.88 billion, a price-to-earnings ratio of 30.25, a price-to-earnings-growth ratio of 0.93 and a beta of 0.79.

Koninklijke Philips (NYSE:PHG) last posted its quarterly earnings results on Tuesday, February 10th. The technology company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.50 by $0.20. The business had revenue of $5.98 billion during the quarter, compared to analyst estimates of $5.03 billion. Koninklijke Philips had a net margin of 5.09% and a return on equity of 13.75%. Equities analysts anticipate that Koninklijke Philips will post 1.63 EPS for the current year.

About Koninklijke Philips

Koninklijke Philips N.V. (NYSE: PHG), commonly known as Philips, is a Dutch multinational company focused on health technology. Founded in Eindhoven in 1891, the company evolved from a diversified electronics manufacturer into a specialist in healthcare products, systems and services. Philips is legally registered in the Netherlands and operates globally, supplying equipment and solutions to hospitals, clinics, healthcare providers and consumers across Europe, the Americas and Asia.

Philips’ principal activities center on medical technologies and personal health.