Ericsson (NASDAQ:ERIC) Declares $0.16 Dividend

Ericsson (NASDAQ:ERIC) announced a dividend on Thursday, September 3rd. Stockholders of record on Tuesday, September 29th will be paid a dividend of 0.1579 per share by the communications equipment provider on Thursday, September 3rd. The ex-dividend date of this dividend is Tuesday, September 29th.

Ericsson has raised its dividend by an average of 0.1%annually over the last three years. Ericsson has a payout ratio of 46.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Ericsson to earn $0.62 per share next year, which means the company should continue to be able to cover its $0.28 annual dividend with an expected future payout ratio of 45.2%.

Ericsson Trading Up 0.9%

NASDAQ:ERIC traded up $0.09 during midday trading on Thursday, hitting $10.13. The stock had a trading volume of 5,558,622 shares, compared to its average volume of 10,798,721. Ericsson has a one year low of $7.84 and a one year high of $13.77. The company has a market capitalization of $34.15 billion, a price-to-earnings ratio of 12.99, a PEG ratio of 1.85 and a beta of 0.95. The stock has a 50-day moving average of $10.27 and a 200 day moving average of $11.29. The company has a quick ratio of 0.89, a current ratio of 1.12 and a debt-to-equity ratio of 0.21.

Ericsson (NASDAQ:ERIC) last released its quarterly earnings data on Tuesday, June 30th. The communications equipment provider reported $0.13 earnings per share (EPS) for the quarter. Ericsson had a net margin of 10.72% and a return on equity of 20.63%. The firm had revenue of $5.43 billion for the quarter. As a group, sell-side analysts forecast that Ericsson will post 0.61 EPS for the current year.

About Ericsson

Ericsson AB is a Swedish multinational telecommunications equipment and services company headquartered in Stockholm. Founded in 1876 by Lars Magnus Ericsson, the company designs, develops and sells infrastructure, software and services that enable mobile and fixed-line networks worldwide. Ericsson serves a global customer base that includes mobile network operators, enterprise customers and public-sector organizations across Europe, the Americas, Asia-Pacific, the Middle East and Africa.

The company’s core activities center on building and modernizing network infrastructure, with a particular focus on radio access networks (RAN), core network software, cloud-native solutions and network management systems.