STMicroelectronics NV (NYSE:STM) declared a quarterly dividend on Tuesday, November 20th, Wall Street Journal reports. Investors of record on Tuesday, December 18th will be paid a dividend of 0.06 per share by the semiconductor producer on Thursday, December 27th. This represents a $0.24 annualized dividend and a yield of 1.76%. The ex-dividend date is Monday, December 17th.

STMicroelectronics has decreased its dividend by an average of 15.7% annually over the last three years. STMicroelectronics has a dividend payout ratio of 14.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect STMicroelectronics to earn $1.33 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 15.0%.

Shares of STMicroelectronics stock opened at $13.60 on Wednesday. The company has a market cap of $12.39 billion, a price-to-earnings ratio of 13.88, a P/E/G ratio of 1.99 and a beta of 1.08. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.54 and a quick ratio of 1.81. STMicroelectronics has a 1 year low of $13.39 and a 1 year high of $26.43.

STMicroelectronics (NYSE:STM) last issued its quarterly earnings data on Wednesday, October 24th. The semiconductor producer reported $0.41 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.04. The business had revenue of $2.52 billion for the quarter, compared to the consensus estimate of $2.50 billion. STMicroelectronics had a net margin of 12.41% and a return on equity of 21.97%. The company’s quarterly revenue was up 18.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.28 EPS. Equities research analysts predict that STMicroelectronics will post 1.39 earnings per share for the current fiscal year.

A number of research analysts have issued reports on STM shares. Craig Hallum reduced their price objective on shares of STMicroelectronics from $30.00 to $28.00 and set a “buy” rating on the stock in a research report on Wednesday, July 25th. ValuEngine downgraded shares of STMicroelectronics from a “hold” rating to a “sell” rating in a research report on Thursday, September 6th. Zacks Investment Research raised shares of STMicroelectronics from a “sell” rating to a “hold” rating in a research report on Saturday, October 27th. Baader Bank reissued a “hold” rating on shares of STMicroelectronics in a research report on Wednesday, October 24th. Finally, Deutsche Bank raised shares of STMicroelectronics from a “hold” rating to a “buy” rating in a research report on Wednesday, September 26th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $23.48.

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STMicroelectronics Company Profile

STMicroelectronics N.V., together with its subsidiaries, develops, manufactures, and markets semiconductor products worldwide. It operates through Automotive and Discrete Group; Analog, MEMS and Sensors Group; and Microcontrollers and Digital ICs Group segments. The company offers a range of products, including discrete and standard commodity components, application-specific integrated circuits, full-custom and semi-custom devices, and application-specific standard products for analog, digital, and mixed-signal applications, as well as silicon chips and smartcards.

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Dividend History for STMicroelectronics (NYSE:STM)

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