Juniper Networks, Inc. (NYSE:JNPR) Announces $0.22 Quarterly Dividend

Juniper Networks, Inc. (NYSE:JNPR - Get Free Report) announced a quarterly dividend on Thursday, October 31st, Zacks reports. Stockholders of record on Monday, December 2nd will be given a dividend of 0.22 per share by the network equipment provider on Monday, December 23rd. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.26%. The ex-dividend date of this dividend is Monday, December 2nd.

Juniper Networks has raised its dividend payment by an average of 3.2% annually over the last three years. Juniper Networks has a dividend payout ratio of 45.6% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Juniper Networks to earn $1.38 per share next year, which means the company should continue to be able to cover its $0.88 annual dividend with an expected future payout ratio of 63.8%.

Juniper Networks Trading Up 0.3 %

Shares of NYSE:JNPR traded up $0.10 during trading on Friday, reaching $39.00. The stock had a trading volume of 5,172,364 shares, compared to its average volume of 2,964,612. The firm's fifty day moving average is $38.87 and its 200 day moving average is $37.18. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.23 and a current ratio of 1.69. Juniper Networks has a 52 week low of $25.83 and a 52 week high of $39.79. The stock has a market cap of $12.84 billion, a price-to-earnings ratio of 51.32, a P/E/G ratio of 12.21 and a beta of 0.93.

Wall Street Analyst Weigh In

A number of research firms have recently commented on JNPR. Barclays reduced their price objective on shares of Juniper Networks from $40.00 to $37.00 and set an "equal weight" rating on the stock in a research note on Friday. Needham & Company LLC reaffirmed a "hold" rating on shares of Juniper Networks in a research note on Friday, July 26th. Citigroup reissued a "neutral" rating and set a $40.00 target price on shares of Juniper Networks in a research note on Monday, September 23rd. Rosenblatt Securities reissued a "neutral" rating and set a $40.00 target price on shares of Juniper Networks in a research note on Friday. Finally, StockNews.com began coverage on shares of Juniper Networks in a research note on Monday, September 16th. They set a "hold" rating on the stock. Eight equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Juniper Networks presently has an average rating of "Hold" and an average target price of $39.50.

Juniper Networks Company Profile

Juniper Networks, Inc designs, develops, and sells network products and services worldwide. The company offers routing products, such as ACX series universal access routers to deploy high-bandwidth services; MX series Ethernet routers that function as a universal edge platform; PTX series packet transport routers; wide-area network SDN controllers; and session smart routers.