Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) Increases Dividend to $0.13 Per Share

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC - Get Free Report) announced a dividend on Friday, January 24th, NASDAQ Dividends reports. Shareholders of record on Thursday, March 27th will be paid a dividend of 0.1315 per share by the communications equipment provider on Thursday, March 27th. The ex-dividend date of this dividend is Thursday, March 27th. This is a 1.7% increase from Telefonaktiebolaget LM Ericsson (publ)'s previous dividend of $0.13.

Telefonaktiebolaget LM Ericsson (publ) has raised its dividend payment by an average of 3.7% per year over the last three years. Telefonaktiebolaget LM Ericsson (publ) has a payout ratio of 46.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect Telefonaktiebolaget LM Ericsson (publ) to earn $0.53 per share next year, which means the company should continue to be able to cover its $0.26 annual dividend with an expected future payout ratio of 49.1%.

Telefonaktiebolaget LM Ericsson (publ) Stock Down 1.0 %

Shares of Telefonaktiebolaget LM Ericsson (publ) stock traded down $0.08 during midday trading on Friday, hitting $7.78. The company's stock had a trading volume of 20,976,600 shares, compared to its average volume of 17,372,030. The firm has a market capitalization of $25.93 billion, a P/E ratio of -778,000.00, a PEG ratio of 3.89 and a beta of 0.81. Telefonaktiebolaget LM Ericsson has a 1-year low of $4.77 and a 1-year high of $8.90. The company has a quick ratio of 0.96, a current ratio of 1.17 and a debt-to-equity ratio of 0.34. The stock has a 50-day simple moving average of $8.05 and a 200-day simple moving average of $8.05.

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Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC - Get Free Report) last released its earnings results on Friday, January 24th. The communications equipment provider reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.04). Telefonaktiebolaget LM Ericsson (publ) had a net margin of 0.06% and a return on equity of 13.70%. As a group, sell-side analysts expect that Telefonaktiebolaget LM Ericsson will post 0.48 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Telefonaktiebolaget LM Ericsson (publ) from a "strong-buy" rating to a "buy" rating in a research note on Friday, January 24th.

About Telefonaktiebolaget LM Ericsson (publ)

Telefonaktiebolaget LM Ericsson (publ), together with its subsidiaries, provides mobile connectivity solutions for telcom operators and enterprise customers in various sectors in North America, Europe, Latin America, the Middle East, Africa, North East Asia, South East Asia, Oceania, and India. It operates in four segments: Networks; Cloud Software and Services; Enterprise; and Other.