Time Warner Inc (TWX) Plans Quarterly Dividend of $0.32
Time Warner (NYSE:TWX) declared a quarterly dividend on Wednesday, August 6th, Analyst Ratings Network.com reports. Stockholders of record on Sunday, August 31st will be given a dividend of 0.3175 per share on Monday, September 15th. This represents a $1.27 dividend on an annualized basis and a yield of 1.49%.
A number of research firms have recently commented on TWX. Analysts at Topeka Capital Markets raised their price target on shares of Time Warner from $70.00 to $71.00 in a research note on Tuesday. They now have a “hold” rating on the stock. On a related note, analysts at Nomura reiterated a “buy” rating on shares of Time Warner in a research note on Monday, July 28th. They now have a $90.00 price target on the stock, up previously from $74.00. Finally, analysts at Wunderlich raised their price target on shares of Time Warner from $146.00 to $190.00 in a research note on Monday, July 28th. They now have a “buy” rating on the stock. Twelve equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $86.30.
Shares of Time Warner (NYSE:TWX) opened at 85.19 on Wednesday. Time Warner has a 1-year low of $57.5935 and a 1-year high of $88.13. The stock’s 50-day moving average is $76.55 and its 200-day moving average is $67.11. The company has a market cap of $75.146 billion and a price-to-earnings ratio of 18.84.
Time Warner (NYSE:TWX) last released its earnings data on Wednesday, August 6th. The company reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.14. The company had revenue of $6.80 billion for the quarter, compared to the consensus estimate of $6.87 billion. Analysts expect that Time Warner will post $4.00 EPS for the current fiscal year.
Time Warner Inc (NYSE:TWX) is a media and entertainment company.
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