STMicroelectronics NV Announces Quarterly Dividend of $0.06 (NYSE:STM)

STMicroelectronics NV (NYSE:STM) declared a quarterly dividend on Thursday, February 8th, Wall Street Journal reports. Shareholders of record on Tuesday, March 20th will be paid a dividend of 0.06 per share by the semiconductor producer on Tuesday, March 27th. This represents a $0.24 annualized dividend and a yield of 1.06%. The ex-dividend date of this dividend is Monday, March 19th.

STMicroelectronics has decreased its dividend by an average of 15.7% annually over the last three years. STMicroelectronics has a payout ratio of 21.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect STMicroelectronics to earn $1.66 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 12.0%.

STMicroelectronics (NYSE:STM) traded up $0.27 during trading on Thursday, hitting $22.70. 3,406,607 shares of the stock traded hands, compared to its average volume of 4,433,500. The company has a market capitalization of $19,950.00, a PE ratio of 25.80, a P/E/G ratio of 3.29 and a beta of 0.71. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.86 and a current ratio of 2.52. STMicroelectronics has a 52-week low of $13.98 and a 52-week high of $25.30.

STMicroelectronics (NYSE:STM) last released its quarterly earnings data on Thursday, January 25th. The semiconductor producer reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.06. STMicroelectronics had a net margin of 9.62% and a return on equity of 17.55%. The firm had revenue of $2.47 billion for the quarter, compared to analysts’ expectations of $2.36 billion. During the same quarter last year, the business posted $0.13 earnings per share. The company’s revenue for the quarter was up 32.7% compared to the same quarter last year. sell-side analysts expect that STMicroelectronics will post 1.32 earnings per share for the current fiscal year.

STM has been the topic of several research reports. Craig Hallum restated a “buy” rating and issued a $30.00 price target (up previously from $26.00) on shares of STMicroelectronics in a research report on Thursday, January 25th. Vetr cut shares of STMicroelectronics from a “strong-buy” rating to a “buy” rating and set a $27.76 price objective on the stock. in a research report on Friday, January 19th. Societe Generale started coverage on shares of STMicroelectronics in a research report on Wednesday, January 17th. They set a “buy” rating on the stock. Credit Suisse Group upgraded shares of STMicroelectronics from a “neutral” rating to a “buy” rating in a research report on Thursday, January 11th. Finally, ValuEngine upgraded shares of STMicroelectronics from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Three analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. STMicroelectronics presently has a consensus rating of “Buy” and a consensus target price of $23.85.

ILLEGAL ACTIVITY WARNING: This piece was originally published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this piece on another publication, it was illegally copied and republished in violation of international copyright law. The legal version of this piece can be viewed at

STMicroelectronics Company Profile

STMicroelectronics N.V. is a global semiconductor company that designs, develops, manufactures and markets a range of products, including discrete and standard commodity components, and application-specific integrated circuits (ASICs) for analog, digital and mixed-signal applications. The Company’s segments include Automotive and Discrete Group (ADG), Analog and MEMS Group (AMG), Microcontrollers and Digital ICs Group (MDG), and Others.

Dividend History for STMicroelectronics (NYSE:STM)

Receive News & Ratings for STMicroelectronics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for STMicroelectronics and related companies with's FREE daily email newsletter.

Leave a Reply