Opera Limited Plans Semi-annual Dividend of $0.40 (NASDAQ:OPRA)

Opera Limited (NASDAQ:OPRA - Get Free Report) announced a semi-annual dividend on Monday, December 16th,Wall Street Journal reports. Investors of record on Monday, January 6th will be given a dividend of 0.40 per share on Monday, January 13th. This represents a dividend yield of 3.9%. The ex-dividend date is Monday, January 6th.

Opera has a payout ratio of 82.8% meaning its dividend is currently covered by earnings, but may not be in the future if the company's earnings fall. Equities analysts expect Opera to earn $0.95 per share next year, which means the company should continue to be able to cover its $0.82 annual dividend with an expected future payout ratio of 86.3%.

Opera Price Performance

OPRA stock traded up $0.61 during trading on Monday, hitting $20.00. The stock had a trading volume of 639,147 shares, compared to its average volume of 735,790. Opera has a 1-year low of $10.11 and a 1-year high of $20.70. The stock has a market cap of $1.77 billion, a price-to-earnings ratio of 10.15 and a beta of 1.03. The company's 50 day moving average price is $17.82 and its two-hundred day moving average price is $15.15. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.10 and a current ratio of 2.10.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. B. Riley restated a "buy" rating and set a $25.00 target price (up previously from $24.00) on shares of Opera in a research report on Wednesday, October 30th. TD Cowen raised their price objective on Opera from $25.00 to $28.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th. The Goldman Sachs Group increased their target price on Opera from $19.50 to $23.00 and gave the stock a "buy" rating in a research report on Wednesday, October 30th. Finally, Lake Street Capital raised their price target on Opera from $22.00 to $23.00 and gave the stock a "buy" rating in a research note on Wednesday, October 30th. Four analysts have rated the stock with a buy rating, According to MarketBeat.com, Opera presently has an average rating of "Buy" and an average target price of $24.75.

About Opera

Opera Limited, together with its subsidiaries, provides mobile and PC web browsers and related products and services in Norway and internationally. The company offers mobile browser products, such as Opera Mini, Opera browser for Android and iOS, and Opera GX for PCs and Mobile; Opera Touch; PC browsers, including Opera for Computers and Opera GX; Apex Football; Opera VPN Pro; and Opera News, an AI-powered personalized news discovery and aggregation service.