GlaxoSmithKline plc (NYSE:GSK) announced a quarterly dividend on Thursday, October 26th, Wall Street Journal reports. Stockholders of record on Friday, November 10th will be given a dividend of 0.5037 per share by the pharmaceutical company on Thursday, January 11th. This represents a $2.01 annualized dividend and a dividend yield of 5.57%. The ex-dividend date of this dividend is Thursday, November 9th. This is an increase from GlaxoSmithKline plc’s previous quarterly dividend of $0.49.

GlaxoSmithKline plc has decreased its dividend by an average of 3.1% per year over the last three years. GlaxoSmithKline plc has a dividend payout ratio of 68.4% meaning its dividend is sufficiently covered by earnings. Analysts expect GlaxoSmithKline plc to earn $2.81 per share next year, which means the company should continue to be able to cover its $1.99 annual dividend with an expected future payout ratio of 70.8%.

Shares of GlaxoSmithKline plc (NYSE:GSK) opened at $36.15 on Friday. The company has a market cap of $88.99 billion, a P/E ratio of 12.75, a PEG ratio of 1.99 and a beta of 1.00. The company has a current ratio of 0.64, a quick ratio of 0.44 and a debt-to-equity ratio of 2.96. GlaxoSmithKline plc has a 12-month low of $35.86 and a 12-month high of $44.53.

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GSK has been the topic of a number of research analyst reports. Zacks Investment Research lowered GlaxoSmithKline plc from a “buy” rating to a “hold” rating in a research report on Tuesday, October 24th. Morgan Stanley lowered GlaxoSmithKline plc from an “equal weight” rating to an “underweight” rating in a research report on Friday, September 8th. BidaskClub raised GlaxoSmithKline plc from a “strong sell” rating to a “sell” rating in a research report on Friday, August 25th. J P Morgan Chase & Co reissued a “neutral” rating on shares of GlaxoSmithKline plc in a research report on Thursday, July 13th. Finally, Argus reaffirmed a “buy” rating and set a $50.00 price objective on shares of GlaxoSmithKline plc in a research report on Thursday, August 31st. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $44.33.

About GlaxoSmithKline plc

GlaxoSmithKline plc is a global healthcare company. The Company operates through three segments: Pharmaceuticals, Vaccines and Consumer Healthcare. The Company focuses on its research across six areas: Respiratory diseases, human immunodeficiency virus (HIV)/infectious diseases, Vaccines, Immuno-inflammation, Oncology and Rare diseases.

Dividend History for GlaxoSmithKline plc (NYSE:GSK)

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