STMicroelectronics N.V. (STM) to Issue Quarterly Dividend of $0.09 on September 29th

STMicroelectronics N.V. (NYSE:STM) declared a quarterly dividend on Thursday, March 26th. Stockholders of record on Tuesday, September 22nd will be paid a dividend of 0.09 per share by the semiconductor producer on Tuesday, September 29th. This represents a c) dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Tuesday, September 22nd.

STMicroelectronics has increased its dividend by an average of 0.1%annually over the last three years. STMicroelectronics has a payout ratio of 19.5% meaning its dividend is sufficiently covered by earnings. Analysts expect STMicroelectronics to earn $2.77 per share next year, which means the company should continue to be able to cover its $0.30 annual dividend with an expected future payout ratio of 10.8%.

STMicroelectronics Price Performance

NYSE STM opened at $50.27 on Friday. STMicroelectronics has a 12-month low of $21.11 and a 12-month high of $81.42. The firm’s fifty day simple moving average is $53.80 and its two-hundred day simple moving average is $54.31. The company has a current ratio of 2.78, a quick ratio of 2.08 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $45.15 billion, a P/E ratio of 98.58 and a beta of 1.93.

STMicroelectronics (NYSE:STM) last issued its quarterly earnings results on Friday, July 24th. The semiconductor producer reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.05. The business had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.46 billion. STMicroelectronics had a return on equity of 4.30% and a net margin of 3.56%. Analysts forecast that STMicroelectronics will post 1.3 EPS for the current fiscal year.

Institutional Investors Weigh In On STMicroelectronics

A number of institutional investors have recently modified their holdings of STM. Situational Awareness LP acquired a new position in shares of STMicroelectronics in the second quarter valued at approximately $584,344,000. Van ECK Associates Corp increased its stake in STMicroelectronics by 12.2% in the fourth quarter. Van ECK Associates Corp now owns 10,532,428 shares of the semiconductor producer’s stock valued at $273,211,000 after purchasing an additional 1,145,426 shares during the last quarter. Brandes Investment Partners LP raised its stake in STMicroelectronics by 20.4% during the 4th quarter. Brandes Investment Partners LP now owns 1,566,965 shares of the semiconductor producer’s stock worth $40,647,000 after acquiring an additional 265,108 shares in the last quarter. The Manufacturers Life Insurance Company acquired a new stake in shares of STMicroelectronics during the first quarter worth about $19,132,000. Finally, Beaconlight Capital LLC acquired a new position in STMicroelectronics during the first quarter worth approximately $13,284,000. 5.05% of the stock is owned by institutional investors and hedge funds.

STMicroelectronics Company Profile

STMicroelectronics N.V. (NYSE: STM) is a global semiconductor company that designs, develops, manufactures and markets a broad range of integrated circuits and electronic components. Its products are used in automotive systems, industrial equipment, personal electronics, communications infrastructure and other embedded applications.

The company’s portfolio includes microcontrollers and microprocessors, analog and mixed-signal devices, power semiconductors, sensors, MEMS devices, connectivity products and automotive semiconductors.