Nokia Oyj (NYSE:NOK) Declares Quarterly Dividend of $0.02

Nokia Oyj (NYSE:NOK) announced a quarterly dividend on Friday, January 31st,Wall Street Journal reports. Investors of record on Tuesday, February 4th will be paid a dividend of 0.0226 per share by the technology company on Tuesday, February 18th. This represents a $0.09 annualized dividend and a dividend yield of 1.96%. The ex-dividend date is Tuesday, February 4th.

Nokia Oyj has a payout ratio of 36.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Nokia Oyj to earn $0.36 per share next year, which means the company should continue to be able to cover its $0.13 annual dividend with an expected future payout ratio of 36.1%.

Nokia Oyj Trading Down 2.0 %

Shares of Nokia Oyj stock traded down $0.09 on Friday, hitting $4.61. 22,024,565 shares of the company’s stock traded hands, compared to its average volume of 18,901,027. Nokia Oyj has a one year low of $3.29 and a one year high of $4.95. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.72 and a quick ratio of 1.46. The company has a fifty day moving average of $4.44 and a two-hundred day moving average of $4.32. The company has a market capitalization of $25.11 billion, a price-to-earnings ratio of 57.58, a price-to-earnings-growth ratio of 5.51 and a beta of 1.06.

Nokia Oyj (NYSE:NOK) last announced its quarterly earnings results on Thursday, January 30th. The technology company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.05. Nokia Oyj had a return on equity of 8.32% and a net margin of 2.18%. As a group, sell-side analysts expect that Nokia Oyj will post 0.35 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on NOK shares. Craig Hallum increased their price objective on Nokia Oyj from $6.00 to $7.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. Northland Securities reissued an “outperform” rating and issued a $6.50 price objective on shares of Nokia Oyj in a research note on Friday, October 18th. JPMorgan Chase & Co. raised Nokia Oyj from a “neutral” rating to an “overweight” rating and increased their price target for the company from $4.35 to $6.35 in a research report on Monday, December 9th. StockNews.com raised Nokia Oyj from a “buy” rating to a “strong-buy” rating in a research report on Thursday, January 23rd. Finally, The Goldman Sachs Group downgraded Nokia Oyj from a “neutral” rating to a “sell” rating and set a $3.60 price target for the company. in a research report on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $5.86.

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.