Lexmark International Inc. (LXK) Plans Quarterly Dividend of $0.36
Lexmark International (NYSE:LXK) declared a quarterly dividend on Thursday, April 24th, American Banking News.com reports. Stockholders of record on Friday, May 30th will be given a dividend of 0.36 per share on Friday, June 13th. This represents a $1.44 dividend on an annualized basis and a yield of 3.41%.
Several analysts have recently commented on the stock. Analysts at Citigroup Inc. reiterated a “sell” rating on shares of Lexmark International in a research note on Wednesday. They now have a $36.00 price target on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Lexmark International in a research note on Thursday, January 30th. They now have a $41.00 price target on the stock. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $32.00.
Lexmark International (NYSE:LXK) traded up 0.29% during mid-day trading on Thursday, hitting $42.21. 1,171,866 shares of the company’s stock traded hands. Lexmark International has a 52 week low of $27.30 and a 52 week high of $47.98. The stock’s 50-day moving average is $44.49 and its 200-day moving average is $38.68. The company has a market cap of $2.599 billion and a price-to-earnings ratio of 10.32.
Lexmark International (NYSE:LXK) last posted its quarterly earnings results on Tuesday, April 22nd. The company reported $0.92 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.87 by $0.05. The company had revenue of $877.70 million for the quarter, compared to the consensus estimate of $855.80 million. During the same quarter in the prior year, the company posted $0.88 earnings per share. The company’s quarterly revenue was down .7% on a year-over-year basis. On average, analysts predict that Lexmark International will post $3.92 earnings per share for the current fiscal year.
Lexmark International, Inc (NYSE:LXK) is a developer, manufacturer and supplier of printing, imaging, device management, managed print services, document workflow, and also provides business process and content management solutions.
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.