AVX Corporation (AVX) Declares Quarterly Dividend of $0.12
AVX Corporation (NYSE:AVX) announced a quarterly dividend on Monday, October 23rd, Wall Street Journal reports. Stockholders of record on Thursday, November 2nd will be paid a dividend of 0.115 per share by the electronics maker on Thursday, November 16th. This represents a $0.46 annualized dividend and a dividend yield of 2.36%. The ex-dividend date of this dividend is Wednesday, November 1st. This is an increase from AVX Corporation’s previous quarterly dividend of $0.11.
AVX Corporation has raised its dividend payment by an average of 8.0% per year over the last three years and has increased its dividend annually for the last 4 consecutive years. AVX Corporation has a dividend payout ratio of 55.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect AVX Corporation to earn $0.88 per share next year, which means the company should continue to be able to cover its $0.46 annual dividend with an expected future payout ratio of 52.3%.
AVX Corporation (NYSE:AVX) traded down 0.46% on Monday, reaching $19.47. The company’s stock had a trading volume of 173,032 shares. The firm has a market capitalization of $3.28 billion, a price-to-earnings ratio of 25.62 and a beta of 0.84. The company has a 50 day moving average of $18.30 and a 200 day moving average of $17.18. AVX Corporation has a 52 week low of $13.66 and a 52 week high of $20.22.
AVX Corporation (NYSE:AVX) last announced its quarterly earnings data on Wednesday, July 26th. The electronics maker reported $0.19 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.19. AVX Corporation had a net margin of 9.46% and a return on equity of 5.69%. The business had revenue of $331.35 million during the quarter, compared to the consensus estimate of $328.00 million. During the same quarter in the prior year, the firm earned $0.19 EPS. The company’s revenue for the quarter was up 5.3% compared to the same quarter last year. On average, analysts forecast that AVX Corporation will post $0.78 earnings per share for the current year.
A number of equities research analysts recently weighed in on the stock. Stifel Nicolaus reaffirmed a “hold” rating and set a $17.00 price objective on shares of AVX Corporation in a research report on Friday, July 28th. BidaskClub downgraded shares of AVX Corporation from a “hold” rating to a “sell” rating in a research report on Saturday, August 12th. Finally, Zacks Investment Research raised shares of AVX Corporation from a “hold” rating to a “strong-buy” rating and set a $22.00 price objective for the company in a research report on Friday, October 6th.
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AVX Corporation Company Profile
AVX Corporation (AVX) is a manufacturer and supplier and reseller of a line of passive electronic components, interconnect devices and related products. AVX operates in three segments: Passive Components, Kyocera Electronic Devices (KED Resale) and Interconnect. The Passive Components segment consists of surface mount and leaded ceramic capacitors, surface mount and leaded tantalum capacitors, surface mount and leaded film capacitors, thick and thin film packages of multiple passive integrated components, thermistors, inductors and resistive products.
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