STMicroelectronics N.V. (STM) to Distribute Quarterly Dividend of $0.09 on September 29th

STMicroelectronics N.V. (NYSE:STM) declared a quarterly dividend on Thursday, March 26th. Shareholders 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 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%per year over the last three years. STMicroelectronics has a dividend payout ratio of 19.5% indicating that its dividend is sufficiently covered by earnings. Equities 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 Stock Up 3.4%

Shares of STMicroelectronics stock opened at $50.27 on Friday. The company has a 50 day moving average of $53.80 and a 200 day moving average of $54.31. The company has a quick ratio of 2.08, a current ratio of 2.78 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $45.15 billion, a P/E ratio of 98.58 and a beta of 1.93. STMicroelectronics has a 52-week low of $21.11 and a 52-week high of $81.42.

STMicroelectronics (NYSE:STM) last announced its quarterly earnings data on Friday, July 24th. The semiconductor producer reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.05. The firm had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.46 billion. STMicroelectronics had a net margin of 3.56% and a return on equity of 4.30%. As a group, research analysts forecast that STMicroelectronics will post 1.3 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on STM. The Goldman Sachs Group dropped their price objective on STMicroelectronics from $67.50 to $60.50 and set a “neutral” rating on the stock in a research note on Monday, July 27th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of STMicroelectronics in a research report on Thursday, June 11th. Bank of America raised shares of STMicroelectronics from a “neutral” rating to a “buy” rating and set a $100.00 price objective for the company in a report on Wednesday, June 10th. Morgan Stanley reaffirmed an “overweight” rating on shares of STMicroelectronics in a research note on Tuesday, June 30th. Finally, TD Cowen reissued a “hold” rating on shares of STMicroelectronics in a report on Monday, July 13th. Seven investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, STMicroelectronics presently has an average rating of “Moderate Buy” and an average target price of $76.17.

STMicroelectronics Company Profile

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.