Teva Pharmaceutical Industries Limited (TEVA) To Go Ex-Dividend on November 27th
Teva Pharmaceutical Industries Limited (NYSE:TEVA) declared a quarterly dividend on Thursday, November 2nd, RTT News reports. Shareholders of record on Tuesday, November 28th will be given a dividend of 0.085 per share on Tuesday, December 12th. This represents a $0.34 annualized dividend and a yield of 2.55%. The ex-dividend date is Monday, November 27th.
Teva Pharmaceutical Industries Limited has raised its dividend payment by an average of 2.1% annually over the last three years. Teva Pharmaceutical Industries Limited has a dividend payout ratio of 7.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect Teva Pharmaceutical Industries Limited to earn $2.84 per share next year, which means the company should continue to be able to cover its $0.29 annual dividend with an expected future payout ratio of 10.2%.
Shares of Teva Pharmaceutical Industries Limited (TEVA) opened at $13.33 on Wednesday. The stock has a market cap of $13,289.28, a P/E ratio of 3.02 and a beta of 0.52. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.96 and a quick ratio of 0.66. Teva Pharmaceutical Industries Limited has a 12-month low of $10.85 and a 12-month high of $38.69.
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Several research firms have weighed in on TEVA. BidaskClub lowered shares of Teva Pharmaceutical Industries Limited from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 16th. Citigroup Inc. downgraded Teva Pharmaceutical Industries Limited from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $32.00 to $19.00 in a report on Wednesday, August 16th. Credit Suisse Group reissued an “outperform” rating and issued a $39.00 price objective on shares of Teva Pharmaceutical Industries Limited in a research report on Wednesday, August 9th. Cantor Fitzgerald set a $17.00 price objective on Teva Pharmaceutical Industries Limited and gave the company a “hold” rating in a research report on Monday, September 11th. Finally, Oppenheimer Holdings, Inc. lowered Teva Pharmaceutical Industries Limited from an “outperform” rating to a “market perform” rating and set a $41.00 price objective for the company. in a research note on Thursday, August 3rd. Seven analysts have rated the stock with a sell rating, seventeen have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $21.88.
Teva Pharmaceutical Industries Limited Company Profile
Teva Pharmaceutical Industries Limited is a pharmaceutical company. The Company is engaged in developing, producing and marketing generic medicines and a portfolio of specialty medicines. The Company operates through two segments: Generic medicines and Specialty medicines. The Company develops, manufactures and sells generic medicines in a range of dosage forms, including tablets, capsules, injectables, inhalants, liquids, ointments and creams.
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