NXP Semiconductors N.V. to Issue Quarterly Dividend of $1.01 (NASDAQ:NXPI)

NXP Semiconductors N.V. (NASDAQ:NXPI) announced a quarterly dividend on Friday, August 28th. Shareholders of record on Wednesday, September 16th will be given a dividend of 1.014 per share by the semiconductor provider on Thursday, October 8th. This represents a c) annualized dividend and a yield of 1.7%. The ex-dividend date is Wednesday, September 16th.

NXP Semiconductors has raised its dividend by an average of 0.2%annually over the last three years. NXP Semiconductors has a dividend payout ratio of 29.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect NXP Semiconductors to earn $16.68 per share next year, which means the company should continue to be able to cover its $4.05 annual dividend with an expected future payout ratio of 24.3%.

NXP Semiconductors Stock Performance

NXPI opened at $236.62 on Monday. The company has a fifty day moving average price of $245.26 and a two-hundred day moving average price of $251.57. NXP Semiconductors has a 1-year low of $183.00 and a 1-year high of $339.95. The company has a market cap of $59.67 billion, a P/E ratio of 20.19, a price-to-earnings-growth ratio of 0.80 and a beta of 1.81. The company has a current ratio of 2.04, a quick ratio of 1.36 and a debt-to-equity ratio of 0.88.

NXP Semiconductors (NASDAQ:NXPI) last released its quarterly earnings data on Wednesday, July 29th. The semiconductor provider reported $3.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.52 by $0.09. The company had revenue of $3.50 billion for the quarter, compared to analysts’ expectations of $3.47 billion. NXP Semiconductors had a net margin of 22.56% and a return on equity of 27.83%. The business’s revenue was up 19.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.72 EPS. Analysts predict that NXP Semiconductors will post 13.73 EPS for the current fiscal year.

About NXP Semiconductors

NXP Semiconductors N.V. (NASDAQ: NXPI) is a global semiconductor company headquartered in Eindhoven, the Netherlands. The company develops and sells high-performance mixed-signal and standard semiconductor products used in automotive, industrial, communications infrastructure, mobile, and consumer applications.

Its product portfolio includes microcontrollers and application processors, automotive networking and radar solutions, connectivity chips, analog and interface devices, radio-frequency power products, and security technologies.