Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) to Issue Dividend of $0.13

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) declared a dividend on Friday, January 24th, NASDAQ Dividends reports. Shareholders 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 payment by an average of 3.7% per year over the last three years. Telefonaktiebolaget LM Ericsson (publ) has a dividend payout ratio of 46.4% indicating that its dividend is sufficiently covered by earnings. 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) Trading Up 0.6 %

ERIC stock opened at $8.22 on Tuesday. Telefonaktiebolaget LM Ericsson has a 1-year low of $4.77 and a 1-year high of $8.90. The company has a current ratio of 1.17, a quick ratio of 0.96 and a debt-to-equity ratio of 0.34. The business’s 50 day moving average is $8.08 and its 200-day moving average is $8.04. The firm has a market cap of $27.39 billion, a P/E ratio of -822,000.00, a P/E/G ratio of 3.89 and a beta of 0.81.

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) last posted its quarterly earnings data on Friday, January 24th. The communications equipment provider reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate 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%. Equities analysts anticipate that Telefonaktiebolaget LM Ericsson will post 0.48 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Telefonaktiebolaget LM Ericsson (publ) from a “strong-buy” rating to a “buy” rating in a research note 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.