Autoliv Inc. (ALV) To Go Ex-Dividend on February 21st

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Autoliv Inc. (NYSE:ALV) declared a quarterly dividend on Monday, November 12th, Wall Street Journal reports. Stockholders of record on Friday, February 22nd will be paid a dividend of 0.62 per share by the auto parts company on Thursday, March 7th. This represents a $2.48 annualized dividend and a dividend yield of 3.11%. The ex-dividend date of this dividend is Thursday, February 21st.

Autoliv has raised its dividend payment by an average of 3.5% per year over the last three years and has increased its dividend every year for the last 9 years. Autoliv has a dividend payout ratio of 31.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect Autoliv to earn $8.07 per share next year, which means the company should continue to be able to cover its $2.48 annual dividend with an expected future payout ratio of 30.7%.

Shares of ALV stock opened at $79.80 on Wednesday. Autoliv has a 12-month low of $67.26 and a 12-month high of $115.37. The firm has a market capitalization of $6.82 billion, a PE ratio of 11.68, a PEG ratio of 1.15 and a beta of 1.37. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.25 and a quick ratio of 0.96.

Autoliv (NYSE:ALV) last announced its quarterly earnings results on Tuesday, January 29th. The auto parts company reported $1.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.62 by ($0.20). Autoliv had a net margin of 2.06% and a return on equity of 20.76%. The firm had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.24 billion. During the same period last year, the firm earned $2.29 EPS. Autoliv’s quarterly revenue was up 1.6% on a year-over-year basis. Equities analysts expect that Autoliv will post 7.1 EPS for the current fiscal year.

ALV has been the topic of several research reports. Zacks Investment Research cut shares of Autoliv from a “hold” rating to a “sell” rating in a research report on Tuesday, October 23rd. Mizuho reaffirmed an “in-line” rating and issued a $97.00 price objective on shares of Autoliv in a research report on Monday, October 29th. Daiwa Capital Markets set a $89.00 price objective on shares of Autoliv and gave the company a “buy” rating in a research report on Monday, October 29th. Barclays cut their price objective on shares of Autoliv from $72.00 to $70.00 and set a “sell” rating on the stock in a research report on Tuesday, October 30th. Finally, Longbow Research cut shares of Autoliv from a “buy” rating to a “neutral” rating in a research report on Thursday, November 1st. Seven equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $94.96.

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Autoliv Company Profile

Autoliv, Inc, through its subsidiaries, develops, manufactures, and supplies automotive safety systems to the automotive industry worldwide. The company operates through two segments, Passive Safety and Electronics. It offers modules and components for frontal-impact airbag protection systems, side-impact airbag protection systems, seatbelts, steering wheels, inflator technologies, battery cable cutters, pedestrian protection systems, and child seats.

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Dividend History for Autoliv (NYSE:ALV)

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