Autoliv, Inc. Declares Quarterly Dividend of $0.70 (NYSE:ALV)

Autoliv, Inc. (NYSE:ALV - Get Free Report) declared a quarterly dividend on Friday, February 21st, NASDAQ Dividends reports. Shareholders of record on Friday, March 7th will be paid a dividend of 0.70 per share by the auto parts company on Monday, March 24th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.85%. The ex-dividend date of this dividend is Friday, March 7th.

Autoliv has raised its dividend payment by an average of 13.4% annually over the last three years. Autoliv has a payout ratio of 25.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Autoliv to earn $10.89 per share next year, which means the company should continue to be able to cover its $2.80 annual dividend with an expected future payout ratio of 25.7%.

Autoliv Stock Up 0.9 %

ALV stock traded up $0.85 on Monday, reaching $98.26. 513,940 shares of the company traded hands, compared to its average volume of 770,518. The firm has a fifty day simple moving average of $95.80 and a 200-day simple moving average of $96.58. The company has a market cap of $7.64 billion, a P/E ratio of 12.18, a price-to-earnings-growth ratio of 0.73 and a beta of 1.58. Autoliv has a one year low of $89.51 and a one year high of $129.38. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.96 and a quick ratio of 0.71.

Autoliv (NYSE:ALV - Get Free Report) last released its earnings results on Friday, January 31st. The auto parts company reported $3.05 EPS for the quarter, topping analysts' consensus estimates of $2.84 by $0.21. Autoliv had a return on equity of 28.62% and a net margin of 6.21%. Research analysts anticipate that Autoliv will post 9.58 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Wells Fargo & Company dropped their target price on shares of Autoliv from $101.00 to $97.00 and set an "equal weight" rating on the stock in a research note on Monday, December 16th. StockNews.com raised Autoliv from a "hold" rating to a "buy" rating in a research report on Thursday, January 23rd. Pareto Securities lowered Autoliv to a "hold" rating in a report on Monday, February 3rd. Daiwa America raised Autoliv from a "hold" rating to a "strong-buy" rating in a report on Tuesday, January 7th. Finally, Mizuho reduced their price objective on Autoliv from $115.00 to $112.00 and set an "outperform" rating for the company in a report on Monday, February 3rd. Nine research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $117.23.

About Autoliv

Autoliv, Inc, through its subsidiaries, develops, manufactures, and supplies passive safety systems to the automotive industry in Europe, the Americas, China, Japan, and rest of Asia. It offers passive safety systems, including modules and components for frontal-impact airbag protection systems, side-impact airbag protection systems, seatbelts, steering wheels, and inflator technologies.