STMicroelectronics N.V. (NYSE:STM) announced a quarterly dividend on Monday, December 4th, Wall Street Journal reports. Stockholders of record on Tuesday, December 19th will be paid a dividend of 0.06 per share by the semiconductor producer on Wednesday, December 27th. This represents a $0.24 annualized dividend and a dividend yield of 1.10%. The ex-dividend date is Monday, December 18th.

STMicroelectronics has decreased its dividend by an average of 18.1% per year over the last three years. STMicroelectronics has a payout ratio of 21.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect STMicroelectronics to earn $1.26 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 15.9%.

STMicroelectronics (STM) traded down $0.31 during midday trading on Monday, hitting $21.89. 5,448,772 shares of the company traded hands, compared to its average volume of 4,507,127. The company has a current ratio of 2.29, a quick ratio of 1.73 and a debt-to-equity ratio of 0.33. STMicroelectronics has a twelve month low of $10.06 and a twelve month high of $24.80. The company has a market capitalization of $19,640.00, a PE ratio of 30.41, a PEG ratio of 4.83 and a beta of 0.78.

STMicroelectronics (NYSE:STM) last released its earnings results on Thursday, October 26th. The semiconductor producer reported $0.28 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.04. STMicroelectronics had a net margin of 7.84% and a return on equity of 13.47%. The business had revenue of $2.14 billion during the quarter, compared to analysts’ expectations of $2.10 billion. During the same quarter last year, the company earned $0.11 earnings per share. The firm’s revenue was up 18.9% on a year-over-year basis. sell-side analysts predict that STMicroelectronics will post 0.92 earnings per share for the current year.

STM has been the subject of several research reports. Zacks Investment Research upgraded shares of STMicroelectronics from a “hold” rating to a “strong-buy” rating and set a $27.00 target price for the company in a research note on Tuesday, October 31st. Craig Hallum increased their target price on shares of STMicroelectronics from $21.00 to $26.00 and gave the company a “buy” rating in a research note on Thursday, October 26th. Finally, ValuEngine cut shares of STMicroelectronics from a “buy” rating to a “hold” rating in a research note on Friday. One analyst has rated the stock with a sell rating, three have issued a hold rating, five have given a buy rating and two have issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $21.88.

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About STMicroelectronics

STMicroelectronics N.V. is a global semiconductor company that designs, develops, manufactures and markets a range of products, including discrete and standard commodity components, and application-specific integrated circuits (ASICs) for analog, digital and mixed-signal applications. The Company’s segments include Automotive and Discrete Group (ADG), Analog and MEMS Group (AMG), Microcontrollers and Digital ICs Group (MDG), and Others.

Dividend History for STMicroelectronics (NYSE:STM)

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