Nokia Oyj (NYSE:NOK) Announces Quarterly Dividend of $0.03

Nokia Oyj (NYSE:NOK) announced a quarterly dividend on Friday, April 19th, Wall Street Journal reports. Stockholders of record on Tuesday, April 23rd will be given a dividend of 0.0323 per share by the technology company on Wednesday, May 8th. This represents a $0.13 dividend on an annualized basis and a dividend yield of 3.67%. The ex-dividend date is Monday, April 22nd.

Nokia Oyj Stock Up 1.9 %

Nokia Oyj stock opened at $3.52 on Friday. The stock has a market capitalization of $19.80 billion, a PE ratio of 21.97, a price-to-earnings-growth ratio of 0.96 and a beta of 1.09. Nokia Oyj has a 12 month low of $2.94 and a 12 month high of $4.36. The business has a 50 day simple moving average of $3.53 and a 200-day simple moving average of $3.47. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.66 and a quick ratio of 1.41.

Nokia Oyj (NYSE:NOK) last posted its quarterly earnings data on Thursday, January 25th. The technology company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.03). The business had revenue of $6.15 billion during the quarter, compared to analysts’ expectations of $6.66 billion. Nokia Oyj had a net margin of 3.90% and a return on equity of 8.40%. During the same quarter last year, the firm earned $0.16 earnings per share. On average, analysts anticipate that Nokia Oyj will post 0.38 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Barclays lowered Nokia Oyj from an “equal weight” rating to an “underweight” rating in a research note on Friday, January 19th. StockNews.com raised Nokia Oyj from a “hold” rating to a “buy” rating in a research note on Friday. JPMorgan Chase & Co. lowered their price target on Nokia Oyj from $4.39 to $4.26 and set a “neutral” rating on the stock in a research note on Tuesday. Finally, BNP Paribas assumed coverage on Nokia Oyj in a research note on Friday, January 12th. They issued a “neutral” rating on the stock. Two research analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $4.42.

Hedge Funds Weigh In On Nokia Oyj

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Advisors Asset Management Inc. acquired a new position in Nokia Oyj during the fourth quarter worth $34,000. Tudor Investment Corp Et Al acquired a new position in shares of Nokia Oyj in the 3rd quarter valued at $45,000. SageView Advisory Group LLC acquired a new position in shares of Nokia Oyj in the 4th quarter valued at $48,000. Silverlake Wealth Management LLC acquired a new position in shares of Nokia Oyj in the 4th quarter valued at $49,000. Finally, AlphaQ Advisors LLC acquired a new position in shares of Nokia Oyj in the 1st quarter valued at $52,000. Institutional investors and hedge funds own 5.28% of the company’s stock.

About Nokia Oyj

Nokia Oyj provides mobile, fixed, and cloud network solutions worldwide. The company operates through four segments: Network Infrastructure, Mobile Networks, Cloud and Network Services, and Nokia Technologies. The company provides fixed networking solutions, such as fiber and copper-based access infrastructure, in-home Wi-Fi solutions, and cloud and virtualization services; IP networking solutions, including IP access, aggregation, and edge and core routing for residential, mobile, enterprise and cloud applications; optical networks solutions that provides optical transport networks for metro, regional, and long-haul applications, and subsea applications; and submarine networks for undersea cable transmission.