AB Volvo (publ) (OTCMKTS:VLVLY) Announces Dividend of $1.68

AB Volvo (publ) (OTCMKTS:VLVLY - Get Free Report) announced a dividend on Wednesday, January 29th, NASDAQ Dividends reports. Investors of record on Friday, April 4th will be paid a dividend of 1.6823 per share on Thursday, April 24th. The ex-dividend date of this dividend is Friday, April 4th. This is a 134.3% increase from AB Volvo (publ)'s previous dividend of $0.72.

AB Volvo (publ) Stock Performance

Shares of VLVLY stock traded down $3.77 during trading hours on Monday, hitting $24.26. The stock had a trading volume of 97,858 shares, compared to its average volume of 189,684. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.28 and a quick ratio of 0.97. The firm has a market capitalization of $49.32 billion, a PE ratio of 10.32 and a beta of 1.19. The stock's 50 day moving average is $30.04 and its 200 day moving average is $27.04. AB Volvo has a twelve month low of $23.27 and a twelve month high of $33.33.

AB Volvo (publ) (OTCMKTS:VLVLY - Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The company reported $0.49 earnings per share for the quarter. AB Volvo (publ) had a net margin of 9.57% and a return on equity of 27.91%. As a group, research analysts forecast that AB Volvo will post 2.38 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have commented on VLVLY. Barclays downgraded AB Volvo (publ) from an "equal weight" rating to an "underweight" rating in a research note on Tuesday, March 25th. Sanford C. Bernstein began coverage on AB Volvo (publ) in a research note on Tuesday, April 1st. They set an "underperform" rating for the company. Finally, UBS Group upgraded shares of AB Volvo (publ) from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, February 26th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, AB Volvo (publ) presently has an average rating of "Moderate Buy".

About AB Volvo (publ)

AB Volvo (publ), together with its subsidiaries, manufactures and sells trucks, buses, construction equipment, and marine and industrial engines in Europe, the United States, Asia, Africa, and Oceania. The company provides heavy-duty trucks for long-haulage and construction work and light-duty trucks for distribution purposes under the Volvo, Renault Trucks, Mack, Eicher, and Dongfeng Trucks brands; and city and intercity buses, coaches, and chassis under the Prevost and Volvo Bus brands.