Autoliv, Inc. (ALV) Announces Quarterly Dividend of $0.60
Autoliv, Inc. (NYSE:ALV) announced a quarterly dividend on Tuesday, December 12th, Zacks reports. Investors of record on Thursday, February 22nd will be paid a dividend of 0.60 per share by the auto parts company on Thursday, March 8th. This represents a $2.40 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date is Wednesday, February 21st.
Autoliv has raised its dividend payment by an average of 4.8% annually over the last three years and has increased its dividend every year for the last 7 years. Autoliv has a payout ratio of 38.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect Autoliv to earn $7.07 per share next year, which means the company should continue to be able to cover its $2.40 annual dividend with an expected future payout ratio of 33.9%.
Shares of Autoliv (NYSE:ALV) traded up $0.75 during midday trading on Wednesday, reaching $128.50. 544,000 shares of the company were exchanged, compared to its average volume of 538,233. Autoliv has a 1 year low of $96.08 and a 1 year high of $129.84. The firm has a market capitalization of $11,108.26, a price-to-earnings ratio of 20.38, a P/E/G ratio of 2.48 and a beta of 1.11. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.23 and a current ratio of 1.55.
A number of analysts recently issued reports on ALV shares. Royal Bank of Canada restated a “hold” rating and set a $100.00 target price on shares of Autoliv in a research report on Tuesday, August 29th. Deutsche Bank restated a “hold” rating and set a $120.00 target price (up previously from $101.00) on shares of Autoliv in a research report on Thursday, September 14th. ValuEngine upgraded shares of Autoliv from a “hold” rating to a “buy” rating in a research report on Friday, September 15th. Citigroup raised their target price on shares of Autoliv from $105.00 to $129.00 and gave the stock a “neutral” rating in a research report on Friday, September 15th. Finally, Mizuho increased their price target on shares of Autoliv from $130.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday, September 15th. Four investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $110.48.
In other news, insider Johan Lofvenholm sold 3,965 shares of the firm’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $128.00, for a total value of $507,520.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.25% of the company’s stock.
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Autoliv, Inc is a supplier of automotive safety systems with a range of product offerings, including passive safety systems and active safety systems. The Company operates through two segments: Passive Safety and Electronics. The Passive safety products include modules and components for passenger and driver-side airbags, side-impact airbag protection systems, seatbelts, steering wheels, inflator technologies, whiplash protection systems and child seats, and components for such systems, as well as passive safety electronic products, such as restraint electronics and crash sensors.
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