STMicroelectronics N.V. (STM) Declares Quarterly Dividend of $0.06
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.
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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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.
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