Nokia Oyj (NYSE:NOK) to Issue $0.02 Quarterly Dividend

Nokia Oyj (NYSE:NOK) announced a quarterly dividend on Friday, January 31st,Wall Street Journal reports. Investors of record on Tuesday, February 4th will be given a dividend of 0.0226 per share by the technology company on Tuesday, February 18th. This represents a $0.09 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date is Tuesday, February 4th.

Nokia Oyj has a payout ratio of 36.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Nokia Oyj to earn $0.36 per share next year, which means the company should continue to be able to cover its $0.13 annual dividend with an expected future payout ratio of 36.1%.

Nokia Oyj Price Performance

Shares of NYSE NOK traded down $0.09 during mid-day trading on Friday, hitting $4.61. 22,022,594 shares of the company’s stock traded hands, compared to its average volume of 18,901,027. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.72 and a quick ratio of 1.46. Nokia Oyj has a 1 year low of $3.29 and a 1 year high of $4.95. The company’s 50-day moving average is $4.44 and its two-hundred day moving average is $4.32. The company has a market capitalization of $25.11 billion, a P/E ratio of 57.58, a PEG ratio of 5.51 and a beta of 1.06.

Nokia Oyj (NYSE:NOK) last issued its quarterly earnings data on Thursday, January 30th. The technology company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.05. Nokia Oyj had a return on equity of 8.32% and a net margin of 2.18%. On average, equities analysts anticipate that Nokia Oyj will post 0.35 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently weighed in on NOK shares. Craig Hallum increased their price objective on shares of Nokia Oyj from $6.00 to $7.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. The Goldman Sachs Group lowered Nokia Oyj from a “neutral” rating to a “sell” rating and set a $3.60 price target for the company. in a research note on Thursday, January 16th. Danske raised Nokia Oyj from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. JPMorgan Chase & Co. upgraded Nokia Oyj from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $4.35 to $6.35 in a research report on Monday, December 9th. Finally, StockNews.com upgraded shares of Nokia Oyj from a “buy” rating to a “strong-buy” rating in a report on Thursday, January 23rd. One analyst has rated the stock with a sell rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Nokia Oyj presently has an average rating of “Moderate Buy” and an average price target of $5.86.

Nokia Oyj Company Profile

Nokia Oyj provides mobile, fixed, and cloud network solutions worldwide. The company operates through four segments: Network Infrastructure, Mobile Networks, Cloud and Network Services, and Nokia Technologies. The company provides fixed networking solutions, such as fiber and copper-based access infrastructure, in-home Wi-Fi solutions, and cloud and virtualization services; IP networking solutions, including IP access, aggregation, and edge and core routing for residential, mobile, enterprise and cloud applications; optical networks solutions that provides optical transport networks for metro, regional, and long-haul applications, and subsea applications; and submarine networks for undersea cable transmission.