Autoliv, Inc. (NYSE:ALV) to Issue Quarterly Dividend of $0.87

Autoliv, Inc. (NYSE:ALV) announced a quarterly dividend on Monday, November 9th. Shareholders of record on Friday, November 20th will be given a dividend of $0.87 per share by the auto parts company on Wednesday, December 9th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Friday, November 20th.

Autoliv has increased its dividend by an average of 0.2% per year over the last three years and has increased its dividend annually for the last 1 consecutive years. Autoliv has a dividend payout ratio of 33.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Autoliv to earn $11.60 per share next year, which means the company should continue to be able to cover its $3.48 annual dividend with an expected future payout ratio of 30.0%.

Autoliv Price Performance

NYSE ALV opened at $124.56 on Tuesday. The company has a 50-day moving average price of $117.15 and a 200-day moving average price of $118.26. Autoliv has a 52 week low of $99.16 and a 52 week high of $132.17. The company has a quick ratio of 0.76, a current ratio of 1.02 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $8.97 billion, a P/E ratio of 14.93, a PEG ratio of 1.05 and a beta of 1.36.

Autoliv (NYSE:ALV) last posted its quarterly earnings data on Friday, October 23rd. The auto parts company reported $2.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.23 by ($0.04). Autoliv had a return on equity of 28.89% and a net margin of 5.62%. The business had revenue of $2.69 billion during the quarter, compared to analysts’ expectations of $2.73 billion. During the same period in the previous year, the business posted $2.32 EPS. The business’s quarterly revenue was down .5% compared to the same quarter last year. Equities research analysts anticipate that Autoliv will post 9.98 earnings per share for the current year.

About Autoliv

Autoliv, Inc develops and manufactures automotive safety systems and components for vehicle manufacturers around the world. Its products include airbags, seatbelts, steering wheels, inflators and related restraint-system components designed to help protect vehicle occupants in a crash.

The company also develops safety solutions such as pedestrian-protection systems and works on technologies intended to improve vehicle safety. Its products are supplied to automakers across global markets, with manufacturing and engineering operations in multiple countries.

Autoliv’s roots date to 1953 in Sweden, and the company took its current form in 1997 through the merger of Autoliv AB and Morton ASP.