AB Volvo (publ) (VLVLY) to Issue Dividend of $1.68 on April 24th

AB Volvo (publ) (OTCMKTS:VLVLY) declared a dividend on Wednesday, January 29th, NASDAQ Dividends reports. Investors of record on Friday, April 4th will be given a dividend of 1.6823 per share on Thursday, April 24th. The ex-dividend date of this dividend is Friday, April 4th. This is a 134.3% increase from AB Volvo (publ)’s previous dividend of $0.72.

AB Volvo (publ) Stock Down 0.2 %

AB Volvo (publ) stock opened at $29.23 on Wednesday. The company has a current ratio of 1.28, a quick ratio of 0.97 and a debt-to-equity ratio of 0.81. AB Volvo has a 1-year low of $23.27 and a 1-year high of $33.33. The firm has a market capitalization of $59.42 billion, a price-to-earnings ratio of 12.44 and a beta of 1.30. The firm has a 50 day simple moving average of $29.99 and a 200 day simple moving average of $27.00.

AB Volvo (publ) (OTCMKTS:VLVLY) last issued its quarterly earnings data on Wednesday, January 29th. The company reported $0.49 EPS for the quarter. AB Volvo (publ) had a return on equity of 27.91% and a net margin of 9.57%. On average, analysts predict that AB Volvo will post 2.38 earnings per share for the current year.

Analysts Set New Price Targets

VLVLY has been the subject of a number of analyst reports. UBS Group raised shares of AB Volvo (publ) from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 26th. Sanford C. Bernstein started coverage on shares of AB Volvo (publ) in a research note on Tuesday. They issued an “underperform” rating for the company. Finally, Barclays cut AB Volvo (publ) from an “equal weight” rating to an “underweight” rating in a research report on Tuesday, March 25th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy”.

AB Volvo (publ) Company Profile

AB Volvo (publ), together with its subsidiaries, manufactures and sells trucks, buses, construction equipment, and marine and industrial engines in Europe, the United States, Asia, Africa, and Oceania. The company provides heavy-duty trucks for long-haulage and construction work and light-duty trucks for distribution purposes under the Volvo, Renault Trucks, Mack, Eicher, and Dongfeng Trucks brands; and city and intercity buses, coaches, and chassis under the Prevost and Volvo Bus brands.