Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) Raises Dividend to $0.13 Per Share

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 paid 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 increased its dividend by an average of 3.7% per year over the last three years. Telefonaktiebolaget LM Ericsson (publ) has a payout ratio of 46.4% meaning its dividend is sufficiently covered by earnings. Equities 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) Price Performance

Shares of Telefonaktiebolaget LM Ericsson (publ) stock traded up $0.08 during trading on Tuesday, hitting $8.30. The stock had a trading volume of 863,834 shares, compared to its average volume of 16,984,854. The firm has a market cap of $27.64 billion, a price-to-earnings ratio of -831,500.00, a P/E/G ratio of 3.89 and a beta of 0.81. Telefonaktiebolaget LM Ericsson has a 12 month low of $4.77 and a 12 month high of $8.90. The business’s 50-day moving average is $8.08 and its 200 day moving average is $8.04. The company has a current ratio of 1.17, a quick ratio of 0.96 and a debt-to-equity ratio of 0.34.

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) last released its quarterly earnings results on Friday, January 24th. The communications equipment provider reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.04). Telefonaktiebolaget LM Ericsson (publ) had a net margin of 0.06% and a return on equity of 13.70%. As a group, sell-side analysts anticipate that Telefonaktiebolaget LM Ericsson will post 0.48 earnings per share for the current year.

Analysts Set New Price Targets

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

Telefonaktiebolaget LM Ericsson (publ) Company Profile

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.