Koninklijke Philips (NYSE:PHG) Plans $0.89 Annual Dividend

Koninklijke Philips (NYSE:PHG - Get Free Report) announced an annual dividend on Monday, February 24th, Wall Street Journal reports. Investors of record on Tuesday, May 13th will be paid a dividend of 0.886 per share by the technology company on Friday, June 6th. This represents a yield of 2.9%. The ex-dividend date of this dividend is Tuesday, May 13th.

Koninklijke Philips has a dividend payout ratio of 49.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect Koninklijke Philips to earn $1.93 per share next year, which means the company should continue to be able to cover its $0.89 annual dividend with an expected future payout ratio of 46.1%.

Koninklijke Philips Price Performance

Shares of PHG traded down $0.56 during mid-day trading on Thursday, reaching $26.28. The company had a trading volume of 846,258 shares, compared to its average volume of 788,365. The company's 50-day moving average is $26.33 and its 200-day moving average is $28.09. The company has a market capitalization of $24.71 billion, a P/E ratio of -31.29, a P/E/G ratio of 0.82 and a beta of 0.77. Koninklijke Philips has a twelve month low of $19.75 and a twelve month high of $32.91. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.23 and a quick ratio of 0.74.

Koninklijke Philips (NYSE:PHG - Get Free Report) last released its earnings results on Wednesday, February 19th. The technology company reported $0.54 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.55 by ($0.01). Koninklijke Philips had a negative net margin of 3.88% and a positive return on equity of 10.85%. The company had revenue of $5.38 billion during the quarter, compared to analyst estimates of $5.10 billion. On average, equities analysts anticipate that Koninklijke Philips will post 1.63 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. BNP Paribas raised shares of Koninklijke Philips from a "neutral" rating to an "outperform" rating in a research note on Tuesday. UBS Group raised shares of Koninklijke Philips from a "neutral" rating to a "buy" rating in a research report on Thursday, February 20th. Finally, StockNews.com upgraded shares of Koninklijke Philips from a "hold" rating to a "buy" rating in a research note on Thursday, February 20th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy".

Koninklijke Philips Company Profile

Koninklijke Philips N.V. operates as a health technology company in North America, the Greater China, and internationally. The company operates through Diagnosis & Treatment Businesses, Connected Care Businesses, and Personal Health Businesses segments. It also provides diagnostic imaging solutions, includes magnetic resonance imaging, X-ray systems, and computed tomography (CT) systems and software comprising detector-based spectral CT solutions, as well as molecular and hybrid imaging solutions for nuclear medicine; echography solutions focused on diagnosis, treatment planning and guidance for cardiology, general imaging, obstetrics/gynecology, and point-of-care applications; integrated interventional systems, and interventional diagnostic and therapeutic devices to treat coronary artery and peripheral vascular disease.