Ericsson Declares Dividend of $0.16 (NASDAQ:ERIC)

Ericsson (NASDAQ:ERIC) announced a dividend on Thursday, September 3rd. Investors of record on Tuesday, September 29th will be paid a dividend of 0.1579 per share by the communications equipment provider on Thursday, September 3rd. The ex-dividend date is Tuesday, September 29th.

Ericsson has raised its dividend payment by an average of 0.1%annually over the last three years. Ericsson has a dividend payout ratio of 46.7% meaning its dividend is sufficiently covered by earnings. Analysts expect Ericsson to earn $0.62 per share next year, which means the company should continue to be able to cover its $0.28 annual dividend with an expected future payout ratio of 45.2%.

Ericsson Stock Performance

NASDAQ:ERIC opened at $10.13 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.89 and a current ratio of 1.12. The stock has a market capitalization of $34.15 billion, a PE ratio of 12.99, a P/E/G ratio of 1.84 and a beta of 0.95. Ericsson has a fifty-two week low of $7.84 and a fifty-two week high of $13.77. The company has a fifty day moving average of $10.25 and a two-hundred day moving average of $11.29.

Ericsson (NASDAQ:ERIC) last announced its earnings results on Tuesday, June 30th. The communications equipment provider reported $0.13 earnings per share (EPS) for the quarter. The business had revenue of $5.43 billion for the quarter. Ericsson had a net margin of 10.72% and a return on equity of 20.63%. As a group, research analysts forecast that Ericsson will post 0.61 earnings per share for the current fiscal year.

Ericsson Company Profile

Ericsson AB is a Swedish multinational telecommunications equipment and services company headquartered in Stockholm. Founded in 1876 by Lars Magnus Ericsson, the company designs, develops and sells infrastructure, software and services that enable mobile and fixed-line networks worldwide. Ericsson serves a global customer base that includes mobile network operators, enterprise customers and public-sector organizations across Europe, the Americas, Asia-Pacific, the Middle East and Africa.

The company’s core activities center on building and modernizing network infrastructure, with a particular focus on radio access networks (RAN), core network software, cloud-native solutions and network management systems.