Infineon Technologies AG (OTCMKTS:IFNNY) to Issue Dividend Increase – $0.37 Per Share

Infineon Technologies AG (OTCMKTS:IFNNY) declared a dividend on Tuesday, November 19th, NASDAQ Dividends reports. Shareholders of record on Monday, February 24th will be given a dividend of 0.3715 per share by the technology company on Monday, March 3rd. The ex-dividend date of this dividend is Monday, February 24th. This is a positive change from Infineon Technologies’s previous dividend of $0.25.

Infineon Technologies Stock Performance

IFNNY traded down $0.42 on Friday, reaching $40.25. The stock had a trading volume of 124,537 shares, compared to its average volume of 219,555. Infineon Technologies has a 12-month low of $30.06 and a 12-month high of $41.84. The company has a current ratio of 1.90, a quick ratio of 1.13 and a debt-to-equity ratio of 0.27. The business’s 50-day moving average price is $35.20 and its two-hundred day moving average price is $33.94. The company has a market cap of $52.56 billion, a P/E ratio of 51.60, a price-to-earnings-growth ratio of 2.39 and a beta of 1.86.

Infineon Technologies (OTCMKTS:IFNNY) last released its quarterly earnings data on Tuesday, February 4th. The technology company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.10. Infineon Technologies had a net margin of 6.49% and a return on equity of 12.55%. Sell-side analysts forecast that Infineon Technologies will post 1.61 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Susquehanna raised shares of Infineon Technologies from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 28th.

About Infineon Technologies

Infineon Technologies AG designs, develops, manufactures, and markets semiconductors and semiconductor-based solutions worldwide. Its Automotive segment offers automotive microcontrollers; 3D ToF, magnetic, and pressure sensors; discrete power semiconductors; IGBT modules; industrial microcontrollers; power and memory ICs; transceivers; diodes, MOSEFTs, and modules; and voltage regulators for use in assistance and safety systems, comfort electronics, infotainment, powertrain, and security products.