Meridian Bioscience, Inc. (VIVO) Declares Quarterly Dividend of $0.13

Meridian Bioscience, Inc. (NASDAQ:VIVO) announced a quarterly dividend on Wednesday, January 24th, NASDAQ reports. Shareholders of record on Monday, February 5th will be paid a dividend of 0.125 per share on Thursday, February 15th. This represents a $0.50 dividend on an annualized basis and a yield of 3.11%. The ex-dividend date is Friday, February 2nd.

Shares of Meridian Bioscience (VIVO) opened at $16.10 on Friday. The stock has a market capitalization of $685.38, a P/E ratio of 31.57 and a beta of 0.90. The company has a current ratio of 5.85, a quick ratio of 4.04 and a debt-to-equity ratio of 0.30. Meridian Bioscience has a 12-month low of $12.05 and a 12-month high of $16.30.

Meridian Bioscience (NASDAQ:VIVO) last announced its earnings results on Thursday, January 25th. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.01. The firm had revenue of $52.30 million during the quarter, compared to analysts’ expectations of $49.00 million. Meridian Bioscience had a return on equity of 17.09% and a net margin of 10.46%. The company’s revenue was up 11.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.15 earnings per share. equities analysts forecast that Meridian Bioscience will post 0.66 EPS for the current fiscal year.

A number of research analysts have recently commented on the company. Canaccord Genuity upped their price target on Meridian Bioscience from $14.00 to $16.00 and gave the stock a “hold” rating in a report on Friday. Zacks Investment Research lowered Meridian Bioscience from a “hold” rating to a “sell” rating in a report on Tuesday, October 24th. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. The company presently has an average rating of “Hold” and an average target price of $16.00.

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Meridian Bioscience Company Profile

Meridian Bioscience, Inc is a life science company engaged in the development, manufacture, sale and distribution of diagnostic test kits for gastrointestinal, viral, respiratory and parasitic infectious diseases, and elevated blood lead levels, and the manufacture and distribution of bulk antigens, antibodies, polymerase chain reaction (PCR)/quantitative PCR (qPCR) reagents, nucleotides, competent cells and bioresearch reagents used by researchers and other diagnostic manufacturers.

Dividend History for Meridian Bioscience (NASDAQ:VIVO)

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