TiVo Corp Announces Quarterly Dividend of $0.08 (NASDAQ:TIVO)

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TiVo Corp (NASDAQ:TIVO) announced a quarterly dividend on Wednesday, July 24th, NASDAQ reports. Investors of record on Thursday, September 5th will be paid a dividend of 0.08 per share by the technology company on Thursday, September 19th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 4.25%. The ex-dividend date of this dividend is Wednesday, September 4th.

TiVo has a dividend payout ratio of 48.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect TiVo to earn $0.61 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 52.5%.

Shares of NASDAQ:TIVO opened at $7.53 on Tuesday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.47. The company has a fifty day simple moving average of $7.50 and a 200 day simple moving average of $8.26. The firm has a market cap of $947.12 million, a PE ratio of 15.06 and a beta of 0.20. TiVo has a 12-month low of $6.61 and a 12-month high of $14.07.

TiVo (NASDAQ:TIVO) last released its earnings results on Wednesday, July 31st. The technology company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.07. TiVo had a negative net margin of 52.02% and a positive return on equity of 3.17%. The firm had revenue of $176.17 million during the quarter, compared to analyst estimates of $162.48 million. During the same quarter in the previous year, the firm earned $0.26 earnings per share. The firm’s revenue for the quarter was up 1.9% compared to the same quarter last year. As a group, equities research analysts forecast that TiVo will post 0.53 EPS for the current fiscal year.

TIVO has been the subject of several analyst reports. BidaskClub downgraded shares of TiVo from a “sell” rating to a “strong sell” rating in a report on Tuesday, May 14th. B. Riley set a $19.00 price target on shares of TiVo and gave the company a “buy” rating in a report on Friday, August 23rd. TheStreet downgraded shares of TiVo from a “c-” rating to a “d+” rating in a report on Wednesday, May 22nd. Finally, Zacks Investment Research raised shares of TiVo from a “hold” rating to a “buy” rating and set a $8.25 price target for the company in a report on Wednesday, May 15th. Two investment analysts have rated the stock with a sell rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $13.63.

About TiVo

TiVo Corporation provides media and entertainment products for the consumer entertainment industry worldwide. The company operates in two segments, Product and Intellectual Property Licensing. The Product segment offers platform solutions, such as TiVo Service Platform, a cloud-based service that powers the TiVo Service client software, which operates on set-top boxes in consumer homes, as well as applications that operate on third party software platforms, such as iOS and Android; user experience solutions that allow service providers to customize elements of the interactive program guides for their customers, as well as to upgrade their programming features and services under the G-GUIDE brand; and CubiTV and TiVo Lite middleware solutions for pay TV service providers comprising cable, satellite, terrestrial, and telecommunications operators.

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Dividend History for TiVo (NASDAQ:TIVO)

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