Mentor Graphics Corp. Plans Quarterly Dividend of $0.05 (MENT)
Mentor Graphics Corp. (NASDAQ:MENT) announced a quarterly dividend on Thursday, August 21st, ARN reports. Stockholders of record on Wednesday, September 10th will be paid a dividend of 0.05 per share on Tuesday, September 30th. This represents a $0.20 annualized dividend and a dividend yield of 0.93%.
On the ratings front, analysts at Canaccord Genuity raised their price target on shares of Mentor Graphics Corp. from $25.00 to $27.00 in a research note on Friday, May 23rd. They now have a “buy” rating on the stock. Six research analysts have rated the stock with a buy rating, The company has a consensus rating of “Buy” and a consensus price target of $26.83.
Shares of Mentor Graphics Corp. (NASDAQ:MENT) traded up 0.94% during mid-day trading on Thursday, hitting $21.43. The stock had a trading volume of 534,508 shares. Mentor Graphics Corp. has a 1-year low of $19.14 and a 1-year high of $24.31. The stock’s 50-day moving average is $21.03 and its 200-day moving average is $21.15. The company has a market cap of $2.441 billion and a P/E ratio of 16.81.
Mentor Graphics Corp. (NASDAQ:MENT) last released its earnings data on Thursday, August 21st. The company reported $0.23 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.15 by $0.08. The company had revenue of $260.20 million for the quarter, compared to the consensus estimate of $253.55 million. On average, analysts predict that Mentor Graphics Corp. will post $1.76 earnings per share for the current fiscal year.
Mentor Graphics Corporation is a supplier of electronic design automation (NASDAQ:MENT) tools – computer software and emulation hardware systems used to automate the design, analysis, and testing of electro-mechanical systems, electronic hardware, and embedded systems software in electronic systems and components.
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