Autoliv, Inc. (NYSE:ALV) Shares Will Pay Quarterly Dividend of $0.87

Autoliv, Inc. (NYSE:ALV) announced a quarterly dividend on Monday, November 9th. Stockholders of record on Friday, November 20th will be paid a dividend of $0.87 per share by the auto parts company on Wednesday, December 9th. This represents a $3.48 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Friday, November 20th.

Autoliv has raised its dividend payment by an average of 0.2% annually over the last three years and has increased its dividend annually for the last 1 consecutive years. Autoliv has a payout ratio of 33.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Autoliv to earn $11.60 per share next year, which means the company should continue to be able to cover its $3.48 annual dividend with an expected future payout ratio of 30.0%.

Autoliv Price Performance

ALV opened at $124.56 on Tuesday. The business has a fifty day moving average of $117.15 and a 200 day moving average of $118.26. The stock has a market cap of $8.97 billion, a P/E ratio of 14.93, a PEG ratio of 1.05 and a beta of 1.36. The company has a quick ratio of 0.76, a current ratio of 1.02 and a debt-to-equity ratio of 0.68. Autoliv has a 52-week low of $99.16 and a 52-week high of $132.17.

Autoliv (NYSE:ALV) last issued its earnings results on Friday, October 23rd. The auto parts company reported $2.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.23 by ($0.04). The company had revenue of $2.69 billion for the quarter, compared to analysts’ expectations of $2.73 billion. Autoliv had a net margin of 5.62% and a return on equity of 28.89%. The firm’s revenue for the quarter was down .5% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.32 earnings per share. As a group, sell-side analysts anticipate that Autoliv will post 9.98 EPS for the current year.

Institutional Trading of Autoliv

A number of hedge funds have recently bought and sold shares of ALV. BlackRock Inc. purchased a new position in shares of Autoliv in the 2nd quarter valued at $573,245,000. Dimensional Fund Advisors LP lifted its stake in shares of Autoliv by 3.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,952,252 shares of the auto parts company’s stock worth $205,270,000 after purchasing an additional 70,424 shares during the last quarter. Wellington Management Group LLP lifted its stake in shares of Autoliv by 21.4% during the 2nd quarter. Wellington Management Group LLP now owns 821,589 shares of the auto parts company’s stock worth $95,444,000 after purchasing an additional 145,013 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Autoliv by 19.0% during the first quarter. Bank of New York Mellon Corp now owns 565,623 shares of the auto parts company’s stock valued at $59,481,000 after purchasing an additional 90,412 shares in the last quarter. Finally, ABN AMRO Bank N.V. bought a new stake in Autoliv during the second quarter valued at about $33,456,000. Hedge funds and other institutional investors own 69.57% of the company’s stock.

About Autoliv

Autoliv, Inc develops and manufactures automotive safety systems and components for vehicle manufacturers around the world. Its products include airbags, seatbelts, steering wheels, inflators and related restraint-system components designed to help protect vehicle occupants in a crash.

The company also develops safety solutions such as pedestrian-protection systems and works on technologies intended to improve vehicle safety. Its products are supplied to automakers across global markets, with manufacturing and engineering operations in multiple countries.

Autoliv’s roots date to 1953 in Sweden, and the company took its current form in 1997 through the merger of Autoliv AB and Morton ASP.