Nokia Corporation (NYSE:NOK) to Issue $0.05 Quarterly Dividend

Nokia Corporation (NYSE:NOK) announced a quarterly dividend on Friday, February 27th. Shareholders of record on Tuesday, July 28th will be paid a dividend of 0.0455 per share by the technology company on Tuesday, August 11th. This represents a c) annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Tuesday, July 28th.

Nokia has a payout ratio of 30.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Nokia to earn $0.50 per share next year, which means the company should continue to be able to cover its $0.12 annual dividend with an expected future payout ratio of 24.0%.

Nokia Trading Down 6.7%

Nokia stock opened at $9.07 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.57 and a quick ratio of 1.32. The firm has a 50-day moving average of $13.37 and a 200-day moving average of $10.26. The company has a market cap of $52.11 billion, a price-to-earnings ratio of 64.81, a P/E/G ratio of 1.29 and a beta of 1.17. Nokia has a one year low of $4.00 and a one year high of $17.45.

Nokia (NYSE:NOK) last released its earnings results on Thursday, July 23rd. The technology company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.01. The business had revenue of $5.50 billion for the quarter, compared to analyst estimates of $5.57 billion. Nokia had a return on equity of 9.92% and a net margin of 3.49%.Nokia’s revenue was up 8.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.04 earnings per share. On average, equities analysts expect that Nokia will post 0.41 earnings per share for the current fiscal year.

About Nokia

Nokia Corporation, headquartered in Espoo, Finland, is a global telecommunications and technology company with roots dating back to 1865. Over its long history the company moved from forestry and cable operations into electronics and telecommunications, becoming widely known in the 1990s and 2000s for its mobile phones. In recent years Nokia refocused its business toward network infrastructure, software and technology licensing, and research and development, following the divestiture of its handset manufacturing business and the acquisition of Alcatel‑Lucent in 2016, which brought Bell Labs into its portfolio.

Today Nokia’s core activities center on designing, building and supporting communications networks and related software.