STMicroelectronics N.V. (STM) to Distribute Quarterly Dividend of $0.09 on June 30th

STMicroelectronics N.V. (NYSE:STM) declared a quarterly dividend on Thursday, March 26th. Investors of record on Tuesday, June 23rd will be paid a dividend of 0.09 per share by the semiconductor producer on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Tuesday, June 23rd.

STMicroelectronics has increased its dividend by an average of 0.1%annually over the last three years. STMicroelectronics has a dividend payout ratio of 19.5% meaning its dividend is sufficiently covered by earnings. Analysts expect STMicroelectronics to earn $2.72 per share next year, which means the company should continue to be able to cover its $0.30 annual dividend with an expected future payout ratio of 11.0%.

STMicroelectronics Stock Up 0.0%

Shares of NYSE:STM opened at $78.40 on Friday. STMicroelectronics has a 52 week low of $21.11 and a 52 week high of $81.42. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.34 and a current ratio of 3.31. The company has a market capitalization of $70.41 billion, a PE ratio of 490.02 and a beta of 1.94. The company has a 50 day moving average price of $61.32 and a two-hundred day moving average price of $41.03.

STMicroelectronics (NYSE:STM) last posted its earnings results on Saturday, March 28th. The semiconductor producer reported $0.13 earnings per share for the quarter. The company had revenue of $3.10 billion for the quarter. STMicroelectronics had a net margin of 1.19% and a return on equity of 3.01%. Analysts forecast that STMicroelectronics will post 1.17 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on STM. Weiss Ratings raised STMicroelectronics from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, May 26th. TD Cowen reissued a “hold” rating on shares of STMicroelectronics in a research note on Friday, April 24th. Bank of America raised STMicroelectronics from a “neutral” rating to a “buy” rating and set a $100.00 target price for the company in a research note on Wednesday, June 10th. Citigroup reaffirmed a “buy” rating on shares of STMicroelectronics in a research report on Sunday, April 26th. Finally, Mizuho lifted their price objective on STMicroelectronics from $68.00 to $84.00 and gave the company an “outperform” rating in a report on Wednesday, June 3rd. Eleven investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, STMicroelectronics has an average rating of “Moderate Buy” and a consensus price target of $64.39.

About STMicroelectronics

STMicroelectronics is a global semiconductor company headquartered in Geneva, Switzerland, formed through the 1987 merger of SGS Microelettronica and Thomson Semiconducteurs. The company designs, develops and manufactures a broad range of semiconductor products and solutions that serve multiple end markets worldwide. ST’s offerings span from basic components to integrated systems, emphasizing energy-efficient and high-performance devices for modern electronics.

Product categories include microcontrollers (notably the widely used STM32 family), analog and mixed-signal ICs, power MOSFETs and power-management devices, MEMS and sensors, image sensors, and discrete semiconductors.