Juniper Networks, Inc. (JNPR) To Go Ex-Dividend on December 2nd

by · The Markets Daily

Juniper Networks, Inc. (NYSE:JNPR – Get Free Report) announced a quarterly dividend on Thursday, October 31st, Zacks reports. Investors of record on Monday, December 2nd will be paid a dividend of 0.22 per share by the network equipment provider on Monday, December 23rd. This represents a $0.88 annualized dividend and a yield of 2.26%. The ex-dividend date of this dividend is Monday, December 2nd.

Juniper Networks has raised its dividend payment by an average of 3.2% annually over the last three years. Juniper Networks has a payout ratio of 45.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Juniper Networks to earn $1.38 per share next year, which means the company should continue to be able to cover its $0.88 annual dividend with an expected future payout ratio of 63.8%.

Juniper Networks Stock Up 0.3 %

JNPR traded up $0.10 during mid-day trading on Friday, reaching $39.00. 5,172,364 shares of the stock were exchanged, compared to its average volume of 3,576,440. The company has a 50 day moving average price of $38.87 and a two-hundred day moving average price of $37.18. The stock has a market capitalization of $12.84 billion, a PE ratio of 54.17, a price-to-earnings-growth ratio of 12.22 and a beta of 0.93. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.23 and a current ratio of 1.69. Juniper Networks has a 1 year low of $25.83 and a 1 year high of $39.79.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Rosenblatt Securities restated a “neutral” rating and issued a $40.00 target price on shares of Juniper Networks in a research note on Friday. StockNews.com initiated coverage on Juniper Networks in a research report on Monday, September 16th. They set a “hold” rating on the stock. Citigroup reiterated a “neutral” rating and issued a $40.00 price target on shares of Juniper Networks in a research report on Monday, September 23rd. Barclays cut their target price on Juniper Networks from $40.00 to $37.00 and set an “equal weight” rating for the company in a research note on Friday. Finally, Needham & Company LLC reissued a “hold” rating on shares of Juniper Networks in a report on Friday, July 26th. Eight equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Juniper Networks has an average rating of “Hold” and a consensus target price of $39.50.

Read Our Latest Stock Report on Juniper Networks

About Juniper Networks

(Get Free Report)

Juniper Networks, Inc designs, develops, and sells network products and services worldwide. The company offers routing products, such as ACX series universal access routers to deploy high-bandwidth services; MX series Ethernet routers that function as a universal edge platform; PTX series packet transport routers; wide-area network SDN controllers; and session smart routers.

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