Telefonaktiebolaget LM Ericsson (publ) (ERIC) to Issue Dividend of $0.13 on March 24th

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) declared a dividend on Friday, January 24th, NASDAQ Dividends reports. Investors of record on Thursday, March 27th will be given a dividend of 0.1315 per share by the communications equipment provider on Monday, March 24th. The ex-dividend date is Thursday, March 27th. This is a 1.7% increase from Telefonaktiebolaget LM Ericsson (publ)’s previous dividend of $0.13.

Telefonaktiebolaget LM Ericsson (publ) has raised its dividend by an average of 3.7% annually over the last three years. Telefonaktiebolaget LM Ericsson (publ) has a payout ratio of 46.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect Telefonaktiebolaget LM Ericsson (publ) to earn $0.53 per share next year, which means the company should continue to be able to cover its $0.26 annual dividend with an expected future payout ratio of 49.1%.

Telefonaktiebolaget LM Ericsson (publ) Stock Performance

Shares of NASDAQ:ERIC opened at $8.35 on Tuesday. The business’s 50 day moving average price is $8.08 and its 200-day moving average price is $8.04. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.17 and a quick ratio of 0.96. The firm has a market capitalization of $27.81 billion, a PE ratio of -835,500.00, a P/E/G ratio of 3.89 and a beta of 0.81. Telefonaktiebolaget LM Ericsson has a 1 year low of $4.77 and a 1 year high of $8.90.

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) last issued its earnings results on Friday, January 24th. The communications equipment provider reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.04). Telefonaktiebolaget LM Ericsson (publ) had a return on equity of 13.70% and a net margin of 0.06%. As a group, equities research analysts expect that Telefonaktiebolaget LM Ericsson will post 0.48 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Telefonaktiebolaget LM Ericsson (publ) from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 24th.

About Telefonaktiebolaget LM Ericsson (publ)

Telefonaktiebolaget LM Ericsson (publ), together with its subsidiaries, provides mobile connectivity solutions for telcom operators and enterprise customers in various sectors in North America, Europe, Latin America, the Middle East, Africa, North East Asia, South East Asia, Oceania, and India. It operates in four segments: Networks; Cloud Software and Services; Enterprise; and Other.