VEON Ltd (VEON) To Go Ex-Dividend on February 26th

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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 has been the topic of a number of research analyst reports. JPMorgan Chase & Co. cut VEON from an “overweight” rating to an “underweight” rating and set a $2.90 target price on the stock. in a research note on Friday, February 14th. Zacks Investment Research cut VEON from a “buy” rating to a “hold” rating in a research note on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. VEON currently has a consensus rating of “Hold” and an average price target of $3.21.

About VEON

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.

Further Reading: How Do You Calculate Return on Equity (ROE)?

Dividend History for VEON (NASDAQ:VEON)

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