Iberdrola, S.A. (OTCMKTS:IBDRY) Announces $0.02 Dividend

Iberdrola, S.A. (OTCMKTS:IBDRY) announced a dividend on Tuesday, May 20th, investing.com reports. Stockholders of record on Monday, May 26th will be given a dividend of 0.0175 per share by the utilities provider on Monday, June 9th. This represents a dividend yield of 1.03%. The ex-dividend date of this dividend is Friday, May 23rd.

Iberdrola Price Performance

IBDRY opened at $71.14 on Tuesday. The stock has a fifty day moving average of $67.10 and a 200-day moving average of $60.12. The firm has a market capitalization of $114.54 billion, a P/E ratio of 16.28, a PEG ratio of 1.79 and a beta of 0.82. Iberdrola has a 12-month low of $50.63 and a 12-month high of $73.80. The company has a quick ratio of 0.69, a current ratio of 0.79 and a debt-to-equity ratio of 0.67.

Iberdrola (OTCMKTS:IBDRY) last posted its quarterly earnings results on Wednesday, April 30th. The utilities provider reported $1.27 earnings per share for the quarter, topping analysts’ consensus estimates of $1.19 by $0.08. Iberdrola had a net margin of 14.67% and a return on equity of 10.67%. The business had revenue of $14.64 billion for the quarter, compared to the consensus estimate of $11.06 billion. Equities analysts forecast that Iberdrola will post 3.57 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Dbs Bank upgraded Iberdrola to a “buy” rating in a report on Friday, April 25th.

About Iberdrola

Iberdrola, SA engages in the generation, transmission, distribution, and supply of electricity in Spain, the United Kingdom, the United States, Mexico, Brazil, Germany, France, and Australia. It generates electricity from renewable sources, such as onshore and offshore wind, hydro, photovoltaic, combined cycle gas, and conventional nuclear, as well as through batteries.