Iberdrola, S.A. Declares Dividend of $0.02 (OTCMKTS:IBDRY)

Iberdrola, S.A. (OTCMKTS:IBDRY) declared a dividend on Tuesday, May 20th, investing.com reports. Stockholders of record on Monday, May 26th will be given a dividend of 0.0175 per share by the utilities provider on Monday, June 9th. This represents a dividend yield of 1.03%. The ex-dividend date of this dividend is Friday, May 23rd.

Iberdrola Stock Performance

OTCMKTS IBDRY opened at $73.30 on Wednesday. Iberdrola has a 1-year low of $50.63 and a 1-year high of $73.80. The company has a market cap of $118.02 billion, a P/E ratio of 16.77, a P/E/G ratio of 1.79 and a beta of 0.82. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.79 and a quick ratio of 0.69. The stock has a 50-day moving average of $67.36 and a two-hundred day moving average of $60.21.

Iberdrola (OTCMKTS:IBDRY) last posted its earnings results on Wednesday, April 30th. The utilities provider reported $1.27 earnings per share for the quarter, beating the consensus estimate of $1.19 by $0.08. Iberdrola had a return on equity of 10.67% and a net margin of 14.67%. The company had revenue of $14.64 billion for the quarter, compared to analyst estimates of $11.06 billion. As a group, analysts anticipate that Iberdrola will post 3.57 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Dbs Bank raised Iberdrola to a “buy” rating in a research note on Friday, April 25th.

About Iberdrola

Iberdrola, SA engages in the generation, transmission, distribution, and supply of electricity in Spain, the United Kingdom, the United States, Mexico, Brazil, Germany, France, and Australia. It generates electricity from renewable sources, such as onshore and offshore wind, hydro, photovoltaic, combined cycle gas, and conventional nuclear, as well as through batteries.