Ericsson (ERIC) to Issue Dividend of $0.16 on September 26th

Ericsson (NASDAQ:ERIC) declared a dividend on Saturday, September 26th. Investors of record on Tuesday, September 29th will be given a dividend of $0.1579 per share by the communications equipment provider on Saturday, September 26th. The ex-dividend date is Tuesday, September 29th.

Ericsson has raised its dividend by an average of 0.1%per year over the last three years. Ericsson has a dividend payout ratio of 35.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Ericsson to earn $0.61 per share next year, which means the company should continue to be able to cover its $0.21 annual dividend with an expected future payout ratio of 34.4%.

Ericsson Stock Up 0.2%

Ericsson stock traded up $0.02 during midday trading on Friday, hitting $9.53. 7,904,372 shares of the stock were exchanged, compared to its average volume of 7,114,698. Ericsson has a 52-week low of $8.05 and a 52-week high of $13.77. The company has a quick ratio of 0.89, a current ratio of 1.12 and a debt-to-equity ratio of 0.21. The business’s 50-day moving average price is $9.99 and its 200-day moving average price is $11.15. The stock has a market capitalization of $32.13 billion, a price-to-earnings ratio of 12.22, a price-to-earnings-growth ratio of 1.76 and a beta of 0.95.

Ericsson (NASDAQ:ERIC) last posted its quarterly earnings data on Tuesday, June 30th. The communications equipment provider reported $0.13 EPS for the quarter. Ericsson had a net margin of 10.72% and a return on equity of 20.63%. The firm had revenue of $5.43 billion during the quarter. On average, research analysts expect that Ericsson will post 0.61 EPS for the current fiscal year.

Ericsson Company Profile

Ericsson (NASDAQ: ERIC) is a Sweden-based provider of telecommunications and networking technology. The company develops and supplies equipment, software and services that help communications service providers build, operate and modernize mobile and fixed networks.

Its offerings include radio access network products for cellular connectivity, mobile core networks, transport and network management systems, cloud-based telecommunications platforms, and related professional and managed services.