adidas AG (OTCMKTS:ADDYY) Declares Dividend Increase – $0.76 Per Share

adidas AG (OTCMKTS:ADDYY) declared a dividend on Friday, May 16th, investing.com reports. Stockholders of record on Tuesday, May 20th will be paid a dividend of 0.7565 per share on Tuesday, May 27th. This represents a dividend yield of 0.62%. The ex-dividend date of this dividend is Monday, May 19th. This is a 216.0% increase from adidas’s previous dividend of $0.24.

adidas Stock Performance

OTCMKTS ADDYY opened at $122.72 on Friday. The stock has a market cap of $43.82 billion, a PE ratio of 94.40 and a beta of 1.24. The company has a current ratio of 1.32, a quick ratio of 0.78 and a debt-to-equity ratio of 0.44. adidas has a twelve month low of $99.40 and a twelve month high of $137.73. The stock has a fifty day simple moving average of $117.06 and a 200-day simple moving average of $122.12.

adidas (OTCMKTS:ADDYY) last announced its earnings results on Tuesday, April 29th. The company reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.01. adidas had a net margin of 1.91% and a return on equity of 7.39%. The company had revenue of $7 billion during the quarter, compared to analyst estimates of $6.33 billion. Equities analysts anticipate that adidas will post 2.27 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on ADDYY. Hsbc Global Res raised adidas from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 9th. Bank of America raised adidas from a “neutral” rating to a “buy” rating in a research note on Thursday, April 24th. Baird R W raised shares of adidas from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 21st. Berenberg Bank upgraded shares of adidas to a “hold” rating in a report on Tuesday, April 15th. Finally, Piper Sandler initiated coverage on shares of adidas in a research note on Monday, May 5th. They set an “overweight” rating on the stock. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, adidas has an average rating of “Moderate Buy”.

About adidas

adidas AG, together with its subsidiaries, designs, develops, produces, and markets athletic and sports lifestyle products in Europe, the Middle East, Africa, North America, Greater China, the Asia-Pacific, and Latin America. It offers footwear, apparel, and accessories and gear, such as bags and balls under the adidas brand; golf footwear and apparel under the adidas Golf brand; and outdoor footwear under the Five Ten brand.