Dolby Laboratories Declares Quarterly Dividend of $0.36 (NYSE:DLB)

Dolby Laboratories (NYSE:DLB) declared a quarterly dividend on Thursday, July 30th. Shareholders of record on Tuesday, August 11th will be paid a dividend of 0.36 per share by the electronics maker on Wednesday, August 19th. This represents a c) dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Tuesday, August 11th.

Dolby Laboratories has raised its dividend by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 10 years. Dolby Laboratories has a payout ratio of 34.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Dolby Laboratories to earn $3.36 per share next year, which means the company should continue to be able to cover its $1.44 annual dividend with an expected future payout ratio of 42.9%.

Dolby Laboratories Price Performance

Dolby Laboratories stock opened at $51.69 on Friday. The stock has a market capitalization of $4.89 billion, a PE ratio of 20.43 and a beta of 0.81. The business has a 50 day simple moving average of $52.21 and a 200-day simple moving average of $58.58. Dolby Laboratories has a 12 month low of $48.26 and a 12 month high of $75.80.

Dolby Laboratories (NYSE:DLB) last issued its quarterly earnings results on Thursday, July 30th. The electronics maker reported $0.69 EPS for the quarter, topping the consensus estimate of $0.67 by $0.02. The company had revenue of $305.00 million during the quarter, compared to analyst estimates of $311.96 million. Dolby Laboratories had a net margin of 17.85% and a return on equity of 11.47%. The firm’s revenue was down 3.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.78 EPS. Dolby Laboratories has set its FY 2026 guidance at 4.250-4.400 EPS and its Q4 2026 guidance at 1.130-1.280 EPS. On average, equities research analysts anticipate that Dolby Laboratories will post 3.21 EPS for the current fiscal year.

Insider Activity

In other news, SVP John D. Couling sold 7,667 shares of Dolby Laboratories stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $53.20, for a total transaction of $407,884.40. Following the sale, the senior vice president owned 118,727 shares of the company’s stock, valued at approximately $6,316,276.40. The trade was a 6.07% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CMO Todd Pendleton sold 11,876 shares of the firm’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $54.55, for a total value of $647,835.80. Following the sale, the chief marketing officer directly owned 41,480 shares of the company’s stock, valued at approximately $2,262,734. This trade represents a 22.26% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 47,458 shares of company stock worth $2,639,537. Company insiders own 37.93% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Fifth Third Bancorp lifted its holdings in shares of Dolby Laboratories by 34.7% in the 4th quarter. Fifth Third Bancorp now owns 746 shares of the electronics maker’s stock worth $48,000 after acquiring an additional 192 shares during the last quarter. Aquatic Capital Management LLC purchased a new stake in shares of Dolby Laboratories in the 3rd quarter valued at $56,000. iSAM Funds UK Ltd purchased a new position in Dolby Laboratories during the 3rd quarter valued at about $68,000. Quarry LP grew its position in Dolby Laboratories by 1,486.7% in the 4th quarter. Quarry LP now owns 1,190 shares of the electronics maker’s stock valued at $76,000 after acquiring an additional 1,115 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its position in shares of Dolby Laboratories by 48.4% during the fourth quarter. Farther Finance Advisors LLC now owns 1,232 shares of the electronics maker’s stock worth $79,000 after purchasing an additional 402 shares in the last quarter. Hedge funds and other institutional investors own 58.56% of the company’s stock.

Dolby Laboratories Company Profile

Dolby Laboratories, Inc is a global leader in audio and imaging technologies, specializing in the development, licensing and deployment of solutions that enhance entertainment and communications experiences. The company’s core business revolves around creating advanced audio codecs, noise reduction systems and spatial sound technologies for a wide range of applications, including cinema, broadcast, gaming, streaming and personal devices. Dolby’s licensing model enables consumer electronics manufacturers, content creators and service providers to integrate its technologies into products such as televisions, smartphones, home theater systems and set-top boxes.

Among its flagship innovations are Dolby Atmos, an immersive audio format that delivers three-dimensional soundscapes for theaters and home systems; Dolby Digital and Dolby Digital Plus, widely adopted audio compression formats for broadcast and streaming; and Dolby Vision, a high-dynamic-range imaging technology that expands color, contrast and brightness in displays.