Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) Plans Dividend Increase – $0.13 Per Share

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) announced a dividend on Friday, January 24th, NASDAQ Dividends reports. Shareholders of record on Thursday, March 27th will be paid a dividend of 0.1315 per share by the communications equipment provider on Monday, March 24th. The ex-dividend date is Thursday, March 27th. This is a 1.7% increase from Telefonaktiebolaget LM Ericsson (publ)’s previous dividend of $0.13.

Telefonaktiebolaget LM Ericsson (publ) has raised its dividend payment by an average of 3.7% per year over the last three years. Telefonaktiebolaget LM Ericsson (publ) has a dividend payout ratio of 46.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect Telefonaktiebolaget LM Ericsson (publ) to earn $0.53 per share next year, which means the company should continue to be able to cover its $0.26 annual dividend with an expected future payout ratio of 49.1%.

Telefonaktiebolaget LM Ericsson (publ) Price Performance

Shares of ERIC opened at $8.35 on Tuesday. The firm has a market capitalization of $27.81 billion, a price-to-earnings ratio of -835,500.00, a price-to-earnings-growth ratio of 3.89 and a beta of 0.81. The stock’s fifty day moving average is $8.08 and its 200-day moving average is $8.04. Telefonaktiebolaget LM Ericsson has a one year low of $4.77 and a one year high of $8.90. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.96 and a current ratio of 1.17.

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) last announced its quarterly earnings data on Friday, January 24th. The communications equipment provider reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.04). Telefonaktiebolaget LM Ericsson (publ) had a net margin of 0.06% and a return on equity of 13.70%. Equities analysts anticipate that Telefonaktiebolaget LM Ericsson will post 0.48 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Telefonaktiebolaget LM Ericsson (publ) from a “strong-buy” rating to a “buy” rating in a report on Friday, January 24th.

Telefonaktiebolaget LM Ericsson (publ) Company Profile

Telefonaktiebolaget LM Ericsson (publ), together with its subsidiaries, provides mobile connectivity solutions for telcom operators and enterprise customers in various sectors in North America, Europe, Latin America, the Middle East, Africa, North East Asia, South East Asia, Oceania, and India. It operates in four segments: Networks; Cloud Software and Services; Enterprise; and Other.