Opera Limited (OPRA) to Issue Semi-annual Dividend of $0.40 on January 13th

Opera Limited (NASDAQ:OPRA) announced a semi-annual dividend on Monday, December 16th,Wall Street Journal reports. Stockholders of record on Monday, January 6th will be paid a dividend of 0.40 per share on Monday, January 13th. This represents a dividend yield of 3.9%. The ex-dividend date of this dividend is Monday, January 6th.

Opera has a dividend payout ratio of 82.8% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities analysts expect Opera to earn $0.95 per share next year, which means the company should continue to be able to cover its $0.82 annual dividend with an expected future payout ratio of 86.3%.

Opera Trading Down 1.0 %

Shares of NASDAQ OPRA opened at $19.81 on Wednesday. Opera has a 1-year low of $10.11 and a 1-year high of $20.70. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.10 and a quick ratio of 2.10. The business’s 50 day moving average is $17.93 and its two-hundred day moving average is $15.19. The stock has a market capitalization of $1.75 billion, a P/E ratio of 10.06 and a beta of 1.03.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. TD Cowen increased their price target on Opera from $25.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. The Goldman Sachs Group boosted their target price on shares of Opera from $19.50 to $23.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. B. Riley reaffirmed a “buy” rating and set a $25.00 target price (up previously from $24.00) on shares of Opera in a research report on Wednesday, October 30th. Finally, Lake Street Capital boosted their price objective on shares of Opera from $22.00 to $23.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Four investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $24.75.

Opera Company Profile

Opera Limited, together with its subsidiaries, provides mobile and PC web browsers and related products and services in Norway and internationally. The company offers mobile browser products, such as Opera Mini, Opera browser for Android and iOS, and Opera GX for PCs and Mobile; Opera Touch; PC browsers, including Opera for Computers and Opera GX; Apex Football; Opera VPN Pro; and Opera News, an AI-powered personalized news discovery and aggregation service.