Opera Limited Sponsored ADR Declares Dividend of $0.40 (NASDAQ:OPRA)

Opera Limited Sponsored ADR (NASDAQ:OPRA) announced a dividend on Wednesday, June 10th. Stockholders of record on Tuesday, July 7th will be paid a dividend of 0.40 per share on Wednesday, July 15th. This represents a dividend yield of 441.0%. The ex-dividend date of this dividend is Tuesday, July 7th.

Opera has a payout ratio of 61.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Opera to earn $1.39 per share next year, which means the company should continue to be able to cover its $0.78 annual dividend with an expected future payout ratio of 56.1%.

Opera Stock Performance

OPRA stock traded up $0.40 on Friday, reaching $18.17. The company had a trading volume of 86,298 shares, compared to its average volume of 596,398. Opera has a 1 year low of $11.71 and a 1 year high of $21.06. The company has a market cap of $1.63 billion, a P/E ratio of 14.40 and a beta of 1.30. The company’s fifty day moving average is $17.28 and its 200 day moving average is $15.07.

Opera (NASDAQ:OPRA) last released its quarterly earnings data on Saturday, February 14th. The company reported $0.30 EPS for the quarter. Opera had a return on equity of 8.54% and a net margin of 17.72%.The business had revenue of $176.65 million during the quarter. On average, sell-side analysts predict that Opera will post 1.12 earnings per share for the current year.

About Opera

Opera Limited (NASDAQ: OPRA) is a global software and internet services company best known for its cross-platform web browsers, including the flagship Opera Browser, Opera Mini for mobile devices and Opera GX designed for the gaming community. The company integrates features such as ad blocking, built-in VPN services and a cryptocurrency wallet into its desktop and mobile applications, aiming to deliver fast, secure and feature-rich browsing experiences to hundreds of millions of users worldwide.

Beyond its consumer-facing browsers, Opera operates Opera News, a personalized content and news aggregation platform with a strong presence in Africa and Asia, and Opera Ads, a digital advertising network that leverages user-behavior data to provide targeted ad placements across devices.