VEON Ltd (NASDAQ:VEON) announced a Semi-Annual dividend on Friday, February 14th, Zacks reports. Shareholders of record on Thursday, February 27th will be paid a dividend of 0.115 per share by the Wireless communications provider on Thursday, March 5th. This represents a dividend yield of 9.5%. The ex-dividend date is Wednesday, February 26th.
VEON has decreased its dividend payment by an average of 22.0% annually over the last three years and has raised its dividend annually for the last 1 consecutive years. VEON has a payout ratio of 32.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect VEON to earn $0.36 per share next year, which means the company should continue to be able to cover its $0.11 annual dividend with an expected future payout ratio of 30.6%.
Shares of VEON opened at $2.36 on Monday. The company has a market capitalization of $4.15 billion, a PE ratio of -10.26, a PEG ratio of 0.25 and a beta of 1.81. VEON has a 12 month low of $2.07 and a 12 month high of $3.28. The stock’s 50-day moving average price is $2.59 and its two-hundred day moving average price is $2.52. The company has a current ratio of 0.43, a quick ratio of 0.40 and a debt-to-equity ratio of 3.50.
VEON Ltd., through its subsidiaries, provides mobile and fixed-line telecommunications services. It offers voice and data telecommunication services through a range of mobile and fixed-line technologies. The company provides value added services, including short messages, multimedia messages, caller number identification, call waiting, data transmission, mobile internet, downloadable content, mobile finance services, machine-to-machine, and other services; national and international roaming services; wireless Internet access and mobile financial services; and mobile bundles and call completion services.
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