Telefonaktiebolaget LM Ericsson (publ) (ERIC) To Go Ex-Dividend on March 27th

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) announced a dividend on Friday, January 24th, NASDAQ Dividends reports. Stockholders of record on Thursday, March 27th will be given a dividend of 0.1315 per share by the communications equipment provider on Monday, March 24th. The ex-dividend date 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 by an average of 3.7% annually 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) Trading Up 0.9 %

Telefonaktiebolaget LM Ericsson (publ) stock traded up $0.08 during trading hours on Tuesday, reaching $8.30. 863,834 shares of the company’s stock were exchanged, compared to its average volume of 16,984,854. The firm has a market capitalization of $27.64 billion, a PE ratio of -831,500.00, a PEG ratio of 3.89 and a beta of 0.81. 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 firm’s 50 day simple moving average is $8.08 and its 200 day simple moving average is $8.04. Telefonaktiebolaget LM Ericsson has a twelve month low of $4.77 and a twelve month high of $8.90.

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

Analyst Ratings Changes

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.