Nokia Corporation (NYSE:NOK) Shares Set to Pay Quarterly Dividend of $0.03

by · The Markets Daily

Nokia Corporation (NYSE:NOK – Get Free Report) announced a quarterly dividend on Friday, February 27th. Investors of record on Tuesday, October 27th will be given a dividend of $0.0337 per share by the technology company on Tuesday, November 10th. This represents a $0.13 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Tuesday, October 27th. This is a 26.1% decrease from Nokia’s previous quarterly dividend of $0.0455.

Nokia has a payout ratio of 20.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Nokia to earn $0.48 per share next year, which means the company should continue to be able to cover its $0.08 annual dividend with an expected future payout ratio of 16.7%.

Nokia Price Performance

NOK opened at $8.12 on Friday. The stock’s 50-day moving average price is $10.10 and its 200 day moving average price is $11.43. Nokia has a 12-month low of $5.86 and a 12-month high of $17.45. The firm has a market cap of $46.64 billion, a price-to-earnings ratio of 50.77, a PEG ratio of 0.97 and a beta of 1.19. The company has a current ratio of 1.50, a quick ratio of 1.22 and a debt-to-equity ratio of 0.09.

Nokia (NYSE:NOK – Get Free Report) last released its earnings results on Thursday, October 22nd. The technology company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.02. The company had revenue of $5.84 billion during the quarter, compared to the consensus estimate of $5.72 billion. Nokia had a return on equity of 10.48% and a net margin of 3.80%. Nokia’s revenue was up 9.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.06 EPS. As a group, sell-side analysts expect that Nokia will post 0.40 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in NOK. BG Investment Services LLC purchased a new stake in shares of Nokia in the 3rd quarter valued at approximately $844,000. Simplicity Wealth LLC purchased a new stake in shares of Nokia during the 3rd quarter worth $108,000. Gibbs Wealth Management lifted its position in shares of Nokia by 22.8% during the 3rd quarter. Gibbs Wealth Management now owns 25,040 shares of the technology company’s stock worth $254,000 after purchasing an additional 4,652 shares during the last quarter. Yousif Capital Management LLC lifted its position in shares of Nokia by 14.5% during the 3rd quarter. Yousif Capital Management LLC now owns 18,036 shares of the technology company’s stock worth $183,000 after purchasing an additional 2,286 shares during the last quarter. Finally, Vest Financial LLC grew its stake in shares of Nokia by 18.0% during the third quarter. Vest Financial LLC now owns 262,337 shares of the technology company’s stock worth $2,660,000 after purchasing an additional 40,045 shares in the last quarter. Institutional investors and hedge funds own 5.28% of the company’s stock.

Nokia Company Profile

(Get Free Report)

Nokia Oyj is a Finland-based technology company that provides communications networking equipment, software and related services to telecommunications operators, enterprises, governments and other organizations worldwide. Its offerings support fixed and mobile broadband, optical and IP networks, data centers, cloud environments and private wireless communications.

The company’s business activities include mobile network infrastructure, network automation and management software, fiber and broadband access, optical networking, routing, data-center networking, and cloud and network services.

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