Symantec Corp. Announces Quarterly Dividend of $0.15 (SYMC)
Symantec Corp. (NASDAQ:SYMC) declared a quarterly dividend on Wednesday, January 29th, Analyst Ratings Network.com reports. Stockholders of record on Monday, February 24th will be given a dividend of 0.15 per share on Wednesday, March 19th. This represents a $0.60 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date of this dividend is Thursday, February 20th.
A number of analysts have recently weighed in on SYMC shares. Analysts at Morgan Stanley downgraded shares of Symantec Corp. from an “equal weight” rating to an “underweight” rating in a research note to investors on Monday, January 13th. They now have a $21.00 price target on the stock. On a related note, analysts at Thomson Reuters/Verus upgraded shares of Symantec Corp. from a “sell” rating to a “hold” rating in a research note to investors on Tuesday, December 24th. Finally, analysts at BMO Capital Markets initiated coverage on shares of Symantec Corp. in a research note to investors on Thursday, December 19th. They set a “market perform” rating and a $24.00 price target on the stock. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and fourteen have issued a buy rating to the company’s stock. Symantec Corp. has a consensus rating of “Buy” and an average price target of $27.00.
Shares of Symantec Corp. (NASDAQ:SYMC) traded up 3.48% during mid-day trading on Wednesday, hitting $24.11. 14,273,664 shares of the company’s stock traded hands. Symantec Corp. has a 1-year low of $20.89 and a 1-year high of $27.10. The stock’s 50-day moving average is $23.01 and its 200-day moving average is $24.18. The company has a market cap of $16.781 billion and a P/E ratio of 20.26. Symantec Corp. also saw unusually large options trading on Tuesday. Stock traders purchased 19,135 put options on the stock. This is an increase of 679% compared to the average volume of 2,456 put options.
Symantec Corporation is a global provider of security, storage, and systems management solutions that help businesses and consumers secure and manage their information.
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