Nokia Co. (NOK) Announces Special Dividend of $0.36
Nokia (NYSE:NOK) declared a special dividend on Thursday, May 1st, Stock Ratings News reports. Investors of record on Monday, June 23rd will be given a dividend of 0.3591 per share on Wednesday, July 9th. This represents a yield of 2.04%. The ex-dividend date of this dividend is Thursday, June 19th.
A number of research firms have recently commented on NOK. Analysts at Charter Equity upgraded shares of Nokia from a “market perform” rating to a “buy” rating in a research note on Wednesday. On the ratings front, analysts at Natixis upgraded shares of Nokia from a “reduced” rating to a “neutral” rating in a research note on Wednesday. Finally, analysts at Evercore Partners raised their price target on shares of Nokia from $7.00 to $8.00 in a research note on Wednesday. They now have an “equal weight” rating on the stock. Five equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and sixteen have given a buy rating to the company’s stock. Nokia presently has an average rating of “Hold” and a consensus target price of $12.15.
Nokia (NYSE:NOK) traded down 0.67% during mid-day trading on Thursday, hitting $7.45. The stock had a trading volume of 12,376,929 shares. Nokia has a 1-year low of $3.25 and a 1-year high of $8.20. The stock’s 50-day moving average is $7.42 and its 200-day moving average is $7.55. The company’s market cap is $27.662 billion.
Nokia (NYSE:NOK) last released its earnings data on Tuesday, April 29th. The company reported $0.03 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.04 by $0.01. The company had revenue of $2.66 billion for the quarter. During the same quarter last year, the company posted ($0.02) earnings per share. Nokia’s revenue was down 54.5% compared to the same quarter last year. On average, analysts predict that Nokia will post $0.30 earnings per share for the current fiscal year.
Nokia Oyj is a Finland-based company engaged in the manufacture of mobile devices and networks. It operates three business segments.
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