Autoliv, Inc. (NYSE:ALV) Plans $0.87 Quarterly Dividend

Autoliv, Inc. (NYSE:ALV) announced a quarterly dividend on Thursday, August 13th. Investors of record on Friday, August 28th will be paid a dividend of 0.87 per share by the auto parts company on Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Friday, August 28th.

Autoliv has increased its dividend payment by an average of 0.2%per year over the last three years and has increased its dividend every year for the last 1 years. Autoliv has a payout ratio of 33.1% meaning its dividend is sufficiently covered by earnings. Analysts expect Autoliv to earn $11.60 per share next year, which means the company should continue to be able to cover its $3.48 annual dividend with an expected future payout ratio of 30.0%.

Autoliv Trading Up 0.5%

NYSE:ALV traded up $0.56 on Thursday, hitting $121.38. 366,894 shares of the stock were exchanged, compared to its average volume of 765,090. Autoliv has a 52 week low of $99.16 and a 52 week high of $132.17. The company’s 50-day moving average price is $121.19 and its 200 day moving average price is $118.22. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.79 and a current ratio of 1.03. The stock has a market capitalization of $8.89 billion, a price-to-earnings ratio of 14.30, a P/E/G ratio of 0.98 and a beta of 1.34.

Autoliv (NYSE:ALV) last announced its quarterly earnings data on Friday, July 17th. The auto parts company reported $2.43 earnings per share for the quarter, missing the consensus estimate of $2.46 by ($0.03). Autoliv had a net margin of 5.79% and a return on equity of 29.36%. The business had revenue of $2.80 billion during the quarter, compared to analyst estimates of $2.77 billion. During the same quarter in the prior year, the company earned $2.21 earnings per share. The company’s quarterly revenue was up 3.3% on a year-over-year basis. On average, equities research analysts forecast that Autoliv will post 10.04 earnings per share for the current year.

About Autoliv

Autoliv Inc (NYSE: ALV) is a leading global supplier of automotive safety systems, specializing in the design, development and manufacture of passive and active safety products. Its core product portfolio includes airbags, seatbelts, steering wheels, restraint control modules and pedestrian protection systems. In recent years, the company has also expanded into active safety technologies, offering radar, camera and sensor solutions that support advanced driver assistance systems (ADAS) and autonomous driving applications.

Founded in 1997 following the spin-off of Electrolux’s automotive safety business, Autoliv has evolved into a multinational organization with a presence in over 27 countries.