Norsk Hydro ASA (NHYDY) to Issue Dividend of $0.14 on May 28th

Norsk Hydro ASA (OTCMKTS:NHYDY) declared a dividend on Friday, May 9th, investing.com reports. Shareholders of record on Wednesday, May 14th will be paid a dividend of 0.1442 per share by the industrial products company on Wednesday, May 28th. This represents a yield of 2.68%. The ex-dividend date is Tuesday, May 13th.

Norsk Hydro ASA Trading Up 2.4 %

NHYDY stock opened at $5.51 on Friday. Norsk Hydro ASA has a 1-year low of $4.50 and a 1-year high of $6.98. The company has a current ratio of 1.60, a quick ratio of 1.07 and a debt-to-equity ratio of 0.23. The business’s 50 day moving average is $5.63 and its 200-day moving average is $5.83. The firm has a market cap of $11.07 billion, a P/E ratio of 20.41, a P/E/G ratio of 0.26 and a beta of 1.48.

Norsk Hydro ASA (OTCMKTS:NHYDY) last issued its quarterly earnings data on Tuesday, April 29th. The industrial products company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.05). Norsk Hydro ASA had a net margin of 2.79% and a return on equity of 8.68%. The company had revenue of $5.51 billion for the quarter, compared to the consensus estimate of $57.46 billion. Equities analysts anticipate that Norsk Hydro ASA will post 0.72 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have weighed in on NHYDY shares. The Goldman Sachs Group cut shares of Norsk Hydro ASA from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 10th. Royal Bank of Canada upgraded Norsk Hydro ASA from a “hold” rating to a “moderate buy” rating in a research report on Thursday, April 17th.

Norsk Hydro ASA Company Profile

Norsk Hydro ASA engages in the power production, bauxite extraction, alumina refining, aluminium smelting, and recycling activities; and provision of extruded solutions worldwide. It operates through Hydro Bauxite & Alumina, Hydro Aluminium Metal, Hydro Metal Markets, Hydro Extrusions, and Hydro Energy segments.