ASML Holding N.V. (ASML) to Issue Quarterly Dividend of $2.11 on November 4th

ASML Holding N.V. (NASDAQ:ASML) announced a quarterly dividend on Thursday, October 15th. Shareholders of record on Tuesday, October 27th will be given a dividend of $2.1077 per share by the semiconductor company on Wednesday, November 4th. This represents a $8.43 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Tuesday, October 27th. This is a 2.0% decrease from ASML’s previous quarterly dividend of $2.1507.

ASML has raised its dividend by an average of 0.2% annually over the last three years. ASML has a dividend payout ratio of 23.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect ASML to earn $61.98 per share next year, which means the company should continue to be able to cover its $7.16 annual dividend with an expected future payout ratio of 11.6%.

ASML Stock Up 0.7%

Shares of ASML stock opened at $1,571.80 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.01 and a current ratio of 1.49. The stock has a market capitalization of $605.80 billion, a PE ratio of 38.70, a price-to-earnings-growth ratio of 0.66 and a beta of 1.77. ASML has a 52-week low of $946.11 and a 52-week high of $1,999.96. The company has a 50-day simple moving average of $1,720.15 and a two-hundred day simple moving average of $1,681.28.

ASML (NASDAQ:ASML) last posted its quarterly earnings results on Sunday, September 27th. The semiconductor company reported $14.71 EPS for the quarter. The firm had revenue of $13.27 billion for the quarter. ASML had a net margin of 34.10% and a return on equity of 64.24%. On average, analysts anticipate that ASML will post 46.03 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of ASML in a research report on Monday, September 14th. Citigroup reiterated a “buy” rating on shares of ASML in a research note on Thursday, October 15th. Sanford C. Bernstein lifted their target price on ASML from $1,971.00 to $2,623.00 and gave the stock an “outperform” rating in a report on Monday, July 6th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of ASML in a research note on Friday, July 10th. Finally, JPMorgan Chase & Co. lowered their price target on ASML from $2,400.00 to $2,350.00 and set an “overweight” rating on the stock in a report on Thursday, October 15th. Three analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, two have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $2,079.12.

About ASML

ASML Holding N.V. is a Netherlands-based technology company that develops and manufactures advanced lithography systems used by semiconductor manufacturers to produce integrated circuits. Its equipment helps customers transfer intricate circuit patterns onto silicon wafers, a critical step in the production of processors, memory chips and other semiconductor devices.

ASML’s product portfolio includes extreme ultraviolet (EUV) lithography systems, which support the production of the most advanced chips, as well as deep ultraviolet (DUV) lithography systems for a broad range of semiconductor applications.