Nokia Oyj (NOK) to Issue Quarterly Dividend of $0.03 on May 8th

Nokia Oyj (NYSE:NOK) declared a quarterly dividend on Friday, April 19th, Wall Street Journal reports. Shareholders of record on Tuesday, April 23rd will be paid a dividend of 0.0323 per share by the technology company on Wednesday, May 8th. This represents a $0.13 dividend on an annualized basis and a yield of 3.67%. The ex-dividend date of this dividend is Monday, April 22nd.

Nokia Oyj Stock Performance

Nokia Oyj stock opened at $3.52 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.41 and a current ratio of 1.66. The company has a market capitalization of $19.80 billion, a PE ratio of 21.97, a P/E/G ratio of 0.96 and a beta of 1.09. The company has a 50 day moving average price of $3.53 and a 200-day moving average price of $3.47. Nokia Oyj has a fifty-two week low of $2.94 and a fifty-two week high of $4.36.

Nokia Oyj (NYSE:NOK) last issued its earnings results on Thursday, January 25th. The technology company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.03). The firm had revenue of $6.15 billion for the quarter, compared to the consensus estimate of $6.66 billion. Nokia Oyj had a net margin of 3.90% and a return on equity of 8.40%. During the same period last year, the firm earned $0.16 earnings per share. As a group, equities analysts forecast that Nokia Oyj will post 0.38 earnings per share for the current year.

Institutional Trading of Nokia Oyj

Institutional investors have recently made changes to their positions in the business. Advisors Asset Management Inc. acquired a new stake in Nokia Oyj in the fourth quarter worth about $34,000. Tudor Investment Corp Et Al acquired a new position in Nokia Oyj during the 3rd quarter valued at approximately $45,000. SageView Advisory Group LLC acquired a new position in Nokia Oyj during the 4th quarter valued at approximately $48,000. Silverlake Wealth Management LLC purchased a new stake in shares of Nokia Oyj during the fourth quarter valued at $49,000. Finally, AlphaQ Advisors LLC acquired a new position in shares of Nokia Oyj in the 1st quarter valued at $52,000. Institutional investors and hedge funds own 5.28% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on NOK. BNP Paribas assumed coverage on shares of Nokia Oyj in a research report on Friday, January 12th. They set a “neutral” rating on the stock. StockNews.com raised shares of Nokia Oyj from a “hold” rating to a “buy” rating in a research note on Friday. JPMorgan Chase & Co. dropped their target price on Nokia Oyj from $4.39 to $4.26 and set a “neutral” rating on the stock in a research report on Tuesday. Finally, Barclays cut Nokia Oyj from an “equal weight” rating to an “underweight” rating in a research note on Friday, January 19th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $4.42.

About Nokia Oyj

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.