STMicroelectronics N.V. (STM) To Go Ex-Dividend on December 16th

STMicroelectronics N.V. (NYSE:STM) declared a quarterly dividend on Wednesday, May 28th. Shareholders of record on Tuesday, December 16th will be given a dividend of 0.09 per share by the semiconductor producer on Tuesday, December 23rd. This represents a c) annualized dividend and a yield of 1.4%. The ex-dividend date is Tuesday, December 16th.

STMicroelectronics has raised its dividend by an average of 0.1%annually over the last three years. STMicroelectronics has a payout ratio of 19.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect STMicroelectronics to earn $1.87 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 16.0%.

STMicroelectronics Stock Performance

Shares of STM opened at $25.99 on Friday. The company has a quick ratio of 2.28, a current ratio of 3.22 and a debt-to-equity ratio of 0.11. STMicroelectronics has a 52-week low of $17.25 and a 52-week high of $33.47. The company has a 50-day simple moving average of $25.34 and a 200-day simple moving average of $27.18. The company has a market capitalization of $23.35 billion, a PE ratio of 44.82, a P/E/G ratio of 4.83 and a beta of 1.56.

STMicroelectronics (NYSE:STM) last issued its earnings results on Wednesday, November 5th. The semiconductor producer reported $0.29 earnings per share (EPS) for the quarter. STMicroelectronics had a net margin of 4.55% and a return on equity of 4.06%. The company had revenue of $3.19 billion during the quarter. Equities research analysts predict that STMicroelectronics will post 0.85 earnings per share for the current fiscal year.

STMicroelectronics Company Profile

STMicroelectronics N.V., together with its subsidiaries, designs, develops, manufactures, and sells semiconductor products in Europe, the Middle East, Africa, the Americas, and the Asia Pacific. The company operates through Automotive and Discrete Group; Analog, MEMS and Sensors Group; and Microcontrollers and Digital ICs Group segments.