Nokia Oyj (NYSE:NOK) Announces $0.02 Quarterly Dividend

Nokia Oyj (NYSE:NOK) declared a quarterly dividend on Friday, January 26th,Wall Street Journal reports. Shareholders of record on Tuesday, February 4th will be paid a dividend of 0.0226 per share by the technology company on Tuesday, February 18th. This represents a $0.09 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date is Tuesday, February 4th.

Nokia Oyj has a dividend payout ratio of 36.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect Nokia Oyj to earn $0.36 per share next year, which means the company should continue to be able to cover its $0.13 annual dividend with an expected future payout ratio of 36.1%.

Nokia Oyj Trading Down 2.0 %

NOK stock opened at $4.61 on Friday. The company has a quick ratio of 1.46, a current ratio of 1.72 and a debt-to-equity ratio of 0.14. Nokia Oyj has a twelve month low of $3.29 and a twelve month high of $4.95. The company has a market cap of $25.11 billion, a P/E ratio of 57.58, a PEG ratio of 5.51 and a beta of 1.06. The business has a fifty day moving average of $4.44 and a 200-day moving average of $4.33.

Nokia Oyj (NYSE:NOK) last released its earnings results on Thursday, January 30th. The technology company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.05. Nokia Oyj had a net margin of 2.18% and a return on equity of 8.32%. As a group, equities research analysts expect that Nokia Oyj will post 0.35 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have commented on NOK shares. JPMorgan Chase & Co. raised shares of Nokia Oyj from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $4.35 to $6.35 in a report on Monday, December 9th. StockNews.com raised Nokia Oyj from a “buy” rating to a “strong-buy” rating in a research note on Thursday, January 23rd. Craig Hallum increased their target price on Nokia Oyj from $6.00 to $7.00 and gave the company a “buy” rating in a research note on Monday, January 6th. The Goldman Sachs Group lowered Nokia Oyj from a “neutral” rating to a “sell” rating and set a $3.60 target price for the company. in a research report on Thursday, January 16th. Finally, Northland Securities reiterated an “outperform” rating and issued a $6.50 price target on shares of Nokia Oyj in a research report on Friday, October 18th. One equities research analyst has rated the stock with a sell rating, four have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Nokia Oyj has a consensus rating of “Moderate Buy” and an average price target of $5.86.

Nokia Oyj Company Profile

Nokia Oyj provides mobile, fixed, and cloud network solutions worldwide. The company operates through four segments: Network Infrastructure, Mobile Networks, Cloud and Network Services, and Nokia Technologies. The company provides fixed networking solutions, such as fiber and copper-based access infrastructure, in-home Wi-Fi solutions, and cloud and virtualization services; IP networking solutions, including IP access, aggregation, and edge and core routing for residential, mobile, enterprise and cloud applications; optical networks solutions that provides optical transport networks for metro, regional, and long-haul applications, and subsea applications; and submarine networks for undersea cable transmission.