Stellantis Declares Dividend of $0.50 (NYSE:STLA)

Stellantis (NYSE:STLA) declared a dividend on Wednesday, April 16th, investing.com reports. Investors of record on Thursday, April 24th will be given a dividend of 0.5032 per share on Monday, May 5th. This represents a yield of 6.07%. The ex-dividend date is Wednesday, April 23rd.

Stellantis has a dividend payout ratio of 25.9% meaning its dividend is sufficiently covered by earnings. Analysts expect Stellantis to earn $2.67 per share next year, which means the company should continue to be able to cover its $0.77 annual dividend with an expected future payout ratio of 28.8%.

Stellantis Trading Down 1.2 %

STLA traded down $0.11 during trading on Wednesday, reaching $9.25. 2,925,345 shares of the company’s stock were exchanged, compared to its average volume of 16,781,244. The firm has a market capitalization of $27.96 billion, a PE ratio of 2.71 and a beta of 1.44. The company’s fifty day moving average price is $11.99 and its 200-day moving average price is $12.77. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.85 and a current ratio of 1.14. Stellantis has a fifty-two week low of $8.39 and a fifty-two week high of $26.09.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. TD Cowen started coverage on Stellantis in a research note on Friday, March 7th. They set a “hold” rating and a $13.00 target price for the company. Piper Sandler lowered shares of Stellantis from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $23.00 to $13.00 in a research report on Thursday, March 20th. UBS Group lowered shares of Stellantis from a “buy” rating to a “neutral” rating in a research note on Monday. Finally, Cowen assumed coverage on Stellantis in a report on Thursday, March 6th. They issued a “hold” rating for the company. Ten research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Stellantis presently has a consensus rating of “Hold” and a consensus target price of $16.49.

Stellantis Company Profile

Stellantis N.V. engages in the design, engineering, manufacturing, distribution, and sale of automobiles and light commercial vehicles, engines, transmission systems, metallurgical products, mobility services, and production systems worldwide. It provides luxury and premium vehicles; sport utility vehicles; American and European brand vehicles; and parts and services, as well as retail and dealer financing, leasing, and rental services.