Koninklijke Philips (NYSE:PHG) Announces $0.89 Annual Dividend

Koninklijke Philips (NYSE:PHG) announced an annual dividend on Monday, February 24th, Wall Street Journal reports. Shareholders of record on Tuesday, May 13th will be paid a dividend of 0.886 per share by the technology company on Friday, June 6th. This represents a yield of 2.9%. The ex-dividend date of this dividend is Tuesday, May 13th.

Koninklijke Philips has a payout ratio of 49.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Koninklijke Philips to earn $1.93 per share next year, which means the company should continue to be able to cover its $0.89 annual dividend with an expected future payout ratio of 46.1%.

Koninklijke Philips Trading Up 1.8 %

Shares of Koninklijke Philips stock traded up $0.46 on Monday, reaching $26.01. 1,798,006 shares of the company’s stock were exchanged, compared to its average volume of 746,369. The company has a market capitalization of $24.44 billion, a P/E ratio of -30.96, a price-to-earnings-growth ratio of 0.82 and a beta of 0.77. Koninklijke Philips has a 52 week low of $19.75 and a 52 week high of $32.91. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.74 and a current ratio of 1.23. The firm’s 50-day moving average is $26.25 and its two-hundred day moving average is $28.13.

Koninklijke Philips (NYSE:PHG) last posted its quarterly earnings results on Wednesday, February 19th. The technology company reported $0.54 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.01). Koninklijke Philips had a positive return on equity of 10.85% and a negative net margin of 3.88%. The company had revenue of $5.38 billion during the quarter, compared to analyst estimates of $5.10 billion. Sell-side analysts predict that Koninklijke Philips will post 1.63 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on PHG. Jefferies Financial Group raised Koninklijke Philips from an “underperform” rating to a “hold” rating in a research report on Tuesday, October 29th. StockNews.com upgraded Koninklijke Philips from a “hold” rating to a “buy” rating in a report on Thursday. Finally, UBS Group raised Koninklijke Philips from a “neutral” rating to a “buy” rating in a research report on Thursday. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy”.

About Koninklijke Philips

Koninklijke Philips N.V. operates as a health technology company in North America, the Greater China, and internationally. The company operates through Diagnosis & Treatment Businesses, Connected Care Businesses, and Personal Health Businesses segments. It also provides diagnostic imaging solutions, includes magnetic resonance imaging, X-ray systems, and computed tomography (CT) systems and software comprising detector-based spectral CT solutions, as well as molecular and hybrid imaging solutions for nuclear medicine; echography solutions focused on diagnosis, treatment planning and guidance for cardiology, general imaging, obstetrics/gynecology, and point-of-care applications; integrated interventional systems, and interventional diagnostic and therapeutic devices to treat coronary artery and peripheral vascular disease.