Autoliv, Inc. (NYSE:ALV) Declares Quarterly Dividend of $0.70

Autoliv, Inc. (NYSE:ALV) announced a quarterly dividend on Friday, February 21st, NASDAQ Dividends reports. Stockholders of record on Friday, March 7th will be given a dividend of 0.70 per share by the auto parts company on Monday, March 24th. This represents a $2.80 annualized dividend and a dividend yield of 2.87%. The ex-dividend date is Friday, March 7th.

Autoliv has raised its dividend payment by an average of 13.4% per year over the last three years. Autoliv has a dividend payout ratio of 25.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect Autoliv to earn $10.89 per share next year, which means the company should continue to be able to cover its $2.80 annual dividend with an expected future payout ratio of 25.7%.

Autoliv Stock Performance

Shares of ALV traded down $1.68 during mid-day trading on Friday, hitting $97.41. The company’s stock had a trading volume of 860,801 shares, compared to its average volume of 865,128. Autoliv has a one year low of $89.51 and a one year high of $129.38. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.71 and a current ratio of 0.96. The firm has a market capitalization of $7.57 billion, a PE ratio of 12.07, a price-to-earnings-growth ratio of 0.73 and a beta of 1.58. The stock’s 50-day moving average is $95.74 and its two-hundred day moving average is $96.54.

Autoliv (NYSE:ALV) last issued its earnings results on Friday, January 31st. The auto parts company reported $3.05 EPS for the quarter, topping the consensus estimate of $2.84 by $0.21. Autoliv had a return on equity of 28.62% and a net margin of 6.21%. As a group, sell-side analysts anticipate that Autoliv will post 9.58 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Wells Fargo & Company reduced their target price on Autoliv from $101.00 to $97.00 and set an “equal weight” rating for the company in a research report on Monday, December 16th. StockNews.com raised Autoliv from a “hold” rating to a “buy” rating in a research report on Thursday, January 23rd. Daiwa America raised Autoliv from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 7th. Mizuho cut their price objective on Autoliv from $115.00 to $112.00 and set an “outperform” rating for the company in a report on Monday, February 3rd. Finally, Daiwa Capital Markets raised Autoliv from a “neutral” rating to an “outperform” rating and set a $109.00 price objective for the company in a report on Tuesday, January 7th. Nine equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Autoliv currently has an average rating of “Moderate Buy” and a consensus price target of $117.23.

Autoliv Company Profile

Autoliv, Inc, through its subsidiaries, develops, manufactures, and supplies passive safety systems to the automotive industry in Europe, the Americas, China, Japan, and rest of Asia. It offers passive safety systems, including modules and components for frontal-impact airbag protection systems, side-impact airbag protection systems, seatbelts, steering wheels, and inflator technologies.