Dolby Laboratories (DLB) To Go Ex-Dividend on February 10th

Dolby Laboratories (NYSE:DLB) declared a quarterly dividend on Thursday, January 29th. Investors of record on Tuesday, February 10th will be given a dividend of 0.36 per share by the electronics maker on Wednesday, February 18th. This represents a c) dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Tuesday, February 10th.

Dolby Laboratories has increased its dividend by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 10 consecutive years. Dolby Laboratories has a payout ratio of 34.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Dolby Laboratories to earn $3.18 per share next year, which means the company should continue to be able to cover its $1.44 annual dividend with an expected future payout ratio of 45.3%.

Dolby Laboratories Stock Up 1.4%

DLB opened at $64.90 on Friday. Dolby Laboratories has a 52 week low of $60.14 and a 52 week high of $85.45. The business’s 50 day moving average is $64.74 and its two-hundred day moving average is $68.43. The firm has a market cap of $6.20 billion, a price-to-earnings ratio of 26.17 and a beta of 0.86.

Dolby Laboratories (NYSE:DLB) last posted its quarterly earnings data on Thursday, January 29th. The electronics maker reported $1.06 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.07. Dolby Laboratories had a return on equity of 11.50% and a net margin of 17.97%.The business had revenue of $346.71 million during the quarter, compared to the consensus estimate of $341.26 million. During the same period in the prior year, the company earned $1.14 earnings per share. The company’s revenue was down 2.8% compared to the same quarter last year. Equities analysts expect that Dolby Laboratories will post 2.94 EPS for the current fiscal year.

Dolby Laboratories Company Profile

Dolby Laboratories, Inc is a global leader in audio and imaging technologies, specializing in the development, licensing and deployment of solutions that enhance entertainment and communications experiences. The company’s core business revolves around creating advanced audio codecs, noise reduction systems and spatial sound technologies for a wide range of applications, including cinema, broadcast, gaming, streaming and personal devices. Dolby’s licensing model enables consumer electronics manufacturers, content creators and service providers to integrate its technologies into products such as televisions, smartphones, home theater systems and set-top boxes.

Among its flagship innovations are Dolby Atmos, an immersive audio format that delivers three-dimensional soundscapes for theaters and home systems; Dolby Digital and Dolby Digital Plus, widely adopted audio compression formats for broadcast and streaming; and Dolby Vision, a high-dynamic-range imaging technology that expands color, contrast and brightness in displays.