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

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

Nokia has a dividend payout ratio of 30.0% indicating that its dividend is sufficiently covered by earnings. Equities 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 Stock Performance

Shares of NYSE: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 company’s 50 day moving average price is $13.37 and its two-hundred day moving average price is $10.26. The firm has a market cap of $52.11 billion, a PE ratio of 64.81, a PEG ratio of 1.29 and a beta of 1.17.

Nokia (NYSE:NOKGet Free Report) last posted its quarterly earnings data on Thursday, July 23rd. The technology company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.01. The firm had revenue of $5.50 billion for the quarter, compared to analyst estimates of $5.57 billion. Nokia had a return on equity of 9.92% and a net margin of 3.49%.The company’s revenue was up 8.4% on a year-over-year basis. During the same quarter last year, the company earned $0.04 EPS. Equities research analysts predict that Nokia will post 0.41 earnings per share for the current year.

More Nokia News

Here are the key news stories impacting Nokia this week:

About Nokia

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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.

See Also

Dividend History for Nokia (NYSE:NOK)

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