Nokia Corporation (NOK) to Issue Quarterly Dividend of $0.04 on February 18th

Nokia Corporation (NYSE:NOK) declared a quarterly dividend on Monday, February 3rd. Shareholders of record on Tuesday, February 3rd will be paid a dividend of 0.0359 per share by the technology company on Wednesday, February 18th. This represents a c) dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Tuesday, February 3rd. This is a 3.1% increase from Nokia’s previous quarterly dividend of $0.03.

Nokia has a payout ratio of 22.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Nokia to earn $0.39 per share next year, which means the company should continue to be able to cover its $0.09 annual dividend with an expected future payout ratio of 23.1%.

Nokia Stock Performance

Shares of NYSE:NOK opened at $6.43 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.48 and a quick ratio of 1.23. Nokia has a 1 year low of $4.00 and a 1 year high of $8.19. The firm has a market capitalization of $36.89 billion, a PE ratio of 49.43 and a beta of 0.77. The business’s 50 day moving average price is $6.42 and its 200-day moving average price is $5.57.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on NOK. New Street Research set a $6.57 target price on shares of Nokia in a report on Thursday, November 20th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Nokia in a research note on Monday, December 22nd. Wall Street Zen downgraded shares of Nokia from a “buy” rating to a “hold” rating in a report on Sunday, November 30th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Nokia in a report on Wednesday, October 15th. Finally, UBS Group reaffirmed a “neutral” rating on shares of Nokia in a report on Tuesday, October 28th. Eight research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $6.77.

Nokia Company Profile

Nokia Corporation, headquartered in Espoo, Finland, is a global telecommunications and technology company with roots dating back to 1865. Over its long history the company moved from forestry and cable operations into electronics and telecommunications, becoming widely known in the 1990s and 2000s for its mobile phones. In recent years Nokia refocused its business toward network infrastructure, software and technology licensing, and research and development, following the divestiture of its handset manufacturing business and the acquisition of Alcatel‑Lucent in 2016, which brought Bell Labs into its portfolio.

Today Nokia’s core activities center on designing, building and supporting communications networks and related software.