Autoliv, Inc. (NYSE:ALV) Increases Dividend to $0.70 Per Share

Autoliv, Inc. (NYSE:ALV) declared a quarterly dividend on Monday, November 11th,NASDAQ Dividends reports. Stockholders of record on Tuesday, December 3rd will be paid a dividend of 0.70 per share by the auto parts company on Thursday, December 19th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.82%. The ex-dividend date is Tuesday, December 3rd. This is a positive change from Autoliv’s previous quarterly dividend of $0.68.

Autoliv has raised its dividend by an average of 62.5% per year over the last three years. Autoliv has a dividend payout ratio of 27.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Autoliv to earn $10.05 per share next year, which means the company should continue to be able to cover its $2.80 annual dividend with an expected future payout ratio of 27.9%.

Autoliv Price Performance

NYSE ALV opened at $99.12 on Monday. Autoliv has a one year low of $89.51 and a one year high of $129.38. The stock has a 50-day moving average of $96.03 and a 200 day moving average of $102.84. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.71 and a current ratio of 0.96. The company has a market capitalization of $7.81 billion, a price-to-earnings ratio of 12.91, a PEG ratio of 0.89 and a beta of 1.59.

Autoliv (NYSE:ALV) last announced its quarterly earnings results on Friday, October 18th. The auto parts company reported $1.84 EPS for the quarter, missing analysts’ consensus estimates of $2.00 by ($0.16). The company had revenue of $2.56 billion during the quarter, compared to the consensus estimate of $2.52 billion. Autoliv had a return on equity of 30.85% and a net margin of 5.98%. The business’s revenue was down 1.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.66 earnings per share. On average, sell-side analysts forecast that Autoliv will post 8.19 EPS for the current year.

Wall Street Analysts Forecast Growth

ALV has been the topic of several research analyst reports. Wolfe Research assumed coverage on Autoliv in a report on Thursday, September 5th. They set an “outperform” rating and a $120.00 price target on the stock. Wells Fargo & Company dropped their target price on Autoliv from $102.00 to $101.00 and set an “equal weight” rating on the stock in a research report on Monday, October 21st. Bank of America reduced their price target on shares of Autoliv from $137.00 to $134.00 and set a “buy” rating for the company in a research report on Thursday, October 3rd. Barclays cut their target price on shares of Autoliv from $115.00 to $110.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 15th. Finally, Robert W. Baird increased their price target on shares of Autoliv from $103.00 to $108.00 and gave the stock a “neutral” rating in a research report on Monday, October 21st. Seven research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $122.77.

About Autoliv

Autoliv, Inc, through its subsidiaries, develops, manufactures, and supplies passive safety systems to the automotive industry in Europe, the Americas, China, Japan, and rest of Asia. It offers passive safety systems, including modules and components for frontal-impact airbag protection systems, side-impact airbag protection systems, seatbelts, steering wheels, and inflator technologies.