Lenovo Group Limited (OTCMKTS:LNVGY) Declares Dividend Increase – $0.75 Per Share

Lenovo Group Limited (OTCMKTS:LNVGY) declared a dividend on Tuesday, July 2nd, NASDAQ reports. Investors of record on Thursday, August 1st will be paid a dividend of 0.7484 per share by the technology company on Wednesday, August 21st. The ex-dividend date of this dividend is Thursday, August 1st. This is a boost from Lenovo Group’s previous dividend of $0.19.

Lenovo Group Price Performance

Lenovo Group stock traded up $0.40 during midday trading on Tuesday, reaching $28.49. The company had a trading volume of 17,178 shares, compared to its average volume of 57,415. The company has a market capitalization of $17.67 billion, a P/E ratio of 17.45, a P/E/G ratio of 0.52 and a beta of 0.85. Lenovo Group has a 12-month low of $18.39 and a 12-month high of $31.82. The firm’s fifty day simple moving average is $26.86 and its 200-day simple moving average is $24.87. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.87 and a quick ratio of 0.61.

Lenovo Group (OTCMKTS:LNVGY) last released its quarterly earnings data on Thursday, May 23rd. The technology company reported $0.39 EPS for the quarter. The company had revenue of $13.83 billion during the quarter. Lenovo Group had a net margin of 1.80% and a return on equity of 17.35%. As a group, equities analysts anticipate that Lenovo Group will post 2.48 EPS for the current year.

About Lenovo Group

Lenovo Group Limited, an investment holding company, develops, manufactures, and markets technology products and services. It operates through Intelligent Devices Group, Infrastructure Solutions Group, and Solutions and Services Group segments. The company offers commercial and consumer personal computers, as well as servers and workstations; and a family of mobile Internet devices, including tablets and smartphones.