Nokia Corporation (NYSE:NOK) Shareholders to Get $0.03 Quarterly Dividend

Nokia Corporation (NYSE:NOK) declared a quarterly dividend on Friday, February 27th. Shareholders of record on Tuesday, October 27th will be given a dividend of $0.0337 per share by the technology company on Tuesday, November 10th. This represents a $0.13 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Tuesday, October 27th. This is a 26.1% decrease from Nokia’s previous quarterly dividend of $0.0455.

Nokia has a dividend payout ratio of 20.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Nokia to earn $0.48 per share next year, which means the company should continue to be able to cover its $0.08 annual dividend with an expected future payout ratio of 16.7%.

Nokia Price Performance

Shares of NOK stock opened at $8.12 on Friday. The stock’s fifty day moving average is $10.10 and its 200-day moving average is $11.43. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.22 and a current ratio of 1.50. The stock has a market capitalization of $46.64 billion, a PE ratio of 50.77, a PEG ratio of 0.97 and a beta of 1.19. Nokia has a 52 week low of $5.86 and a 52 week high of $17.45.

Nokia (NYSE:NOK) last announced its earnings results on Thursday, October 22nd. The technology company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.02. Nokia had a return on equity of 10.48% and a net margin of 3.80%. The company had revenue of $5.84 billion during the quarter, compared to analyst estimates of $5.72 billion. During the same period last year, the company posted $0.06 earnings per share. The firm’s quarterly revenue was up 9.7% compared to the same quarter last year. Equities research analysts expect that Nokia will post 0.40 EPS for the current fiscal year.

About Nokia

Nokia Oyj is a Finland-based technology company that provides communications networking equipment, software and related services to telecommunications operators, enterprises, governments and other organizations worldwide. Its offerings support fixed and mobile broadband, optical and IP networks, data centers, cloud environments and private wireless communications.

The company’s business activities include mobile network infrastructure, network automation and management software, fiber and broadband access, optical networking, routing, data-center networking, and cloud and network services.