AB Volvo (publ) (OTCMKTS:VLVLY) Declares Dividend Increase – $1.68 Per Share

AB Volvo (publ) (OTCMKTS:VLVLY) announced a dividend on Wednesday, January 29th, NASDAQ Dividends reports. Stockholders of record on Friday, April 4th will be given a dividend of 1.6823 per share on Thursday, April 24th. The ex-dividend date is Friday, April 4th. This is a 134.3% increase from AB Volvo (publ)’s previous dividend of $0.72.

AB Volvo (publ) Stock Performance

VLVLY opened at $29.23 on Wednesday. The company’s 50 day moving average is $29.99 and its 200 day moving average is $27.00. The company has a current ratio of 1.28, a quick ratio of 0.97 and a debt-to-equity ratio of 0.81. The company has a market cap of $59.42 billion, a price-to-earnings ratio of 12.44 and a beta of 1.30. AB Volvo has a 12-month low of $23.27 and a 12-month high of $33.33.

AB Volvo (publ) (OTCMKTS:VLVLY) last issued its quarterly earnings results on Wednesday, January 29th. The company reported $0.49 earnings per share for the quarter. AB Volvo (publ) had a net margin of 9.57% and a return on equity of 27.91%. On average, equities research analysts predict that AB Volvo will post 2.38 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have issued reports on VLVLY. UBS Group raised AB Volvo (publ) from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 26th. Sanford C. Bernstein started coverage on AB Volvo (publ) in a research note on Tuesday. They set an “underperform” rating for the company. Finally, Barclays lowered shares of AB Volvo (publ) from an “equal weight” rating to an “underweight” rating in a report on Tuesday, March 25th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating, three have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

About AB Volvo (publ)

AB Volvo (publ), together with its subsidiaries, manufactures and sells trucks, buses, construction equipment, and marine and industrial engines in Europe, the United States, Asia, Africa, and Oceania. The company provides heavy-duty trucks for long-haulage and construction work and light-duty trucks for distribution purposes under the Volvo, Renault Trucks, Mack, Eicher, and Dongfeng Trucks brands; and city and intercity buses, coaches, and chassis under the Prevost and Volvo Bus brands.