STMicroelectronics N.V. (NYSE:STM) Plans Quarterly Dividend of $0.09

STMicroelectronics N.V. (NYSE:STM) announced a quarterly dividend on Thursday, March 26th. Investors of record on Tuesday, September 22nd will be given a dividend of 0.09 per share by the semiconductor producer on Tuesday, September 29th. This represents a c) dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Tuesday, September 22nd.

STMicroelectronics has increased its dividend by an average of 0.1%annually over the last three years. STMicroelectronics has a payout ratio of 19.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect STMicroelectronics to earn $2.77 per share next year, which means the company should continue to be able to cover its $0.30 annual dividend with an expected future payout ratio of 10.8%.

STMicroelectronics Trading Up 3.4%

NYSE:STM opened at $50.27 on Friday. STMicroelectronics has a 1 year low of $21.11 and a 1 year high of $81.42. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.08 and a current ratio of 2.78. The stock has a fifty day moving average price of $53.80 and a two-hundred day moving average price of $54.31. The stock has a market capitalization of $45.15 billion, a price-to-earnings ratio of 98.58 and a beta of 1.93.

STMicroelectronics (NYSE:STM) last posted its quarterly earnings results on Friday, July 24th. The semiconductor producer reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.05. STMicroelectronics had a net margin of 3.56% and a return on equity of 4.30%. The business had revenue of $3.49 billion for the quarter, compared to analysts’ expectations of $3.46 billion. As a group, sell-side analysts anticipate that STMicroelectronics will post 1.3 earnings per share for the current fiscal year.

About STMicroelectronics

STMicroelectronics N.V. (NYSE: STM) is a global semiconductor company that designs, develops, manufactures and markets a broad range of integrated circuits and electronic components. Its products are used in automotive systems, industrial equipment, personal electronics, communications infrastructure and other embedded applications.

The company’s portfolio includes microcontrollers and microprocessors, analog and mixed-signal devices, power semiconductors, sensors, MEMS devices, connectivity products and automotive semiconductors.