ABB Ltd. Declares Annual Dividend of $0.78 (ABB)
ABB (NYSE:ABB) announced a annual dividend on Friday, February 14th, ARN reports. Shareholders of record on Wednesday, May 7th will be paid a dividend of 0.783 per share on Thursday, May 15th. This represents a dividend yield of 3.08%. The ex-dividend date is Monday, May 5th.
ABB has been the subject of a number of recent research reports. Analysts at Handelsbanken downgraded shares of ABB from a “buy” rating to an “accumulate” rating in a research note on Friday. On a related note, analysts at Natixis upgraded shares of ABB from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Finally, analysts at Morgan Stanley upgraded shares of ABB to an “overweight” rating in a research note on Thursday, January 16th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $24.45.
ABB (NYSE:ABB) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.23 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.31 by $0.08. The company had revenue of $11.37 billion for the quarter, compared to the consensus estimate of $11.34 billion. During the same quarter last year, the company posted $0.26 earnings per share. ABB’s revenue was up 3.2% compared to the same quarter last year.
ABB Ltd (NYSE:ABB) provides power and automation technologies for its utility and industrial customers.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.