ABB Ltd (NYSE:ABB) announced an annual dividend on Thursday, March 1st, Wall Street Journal reports. Shareholders of record on Thursday, April 5th will be paid a dividend of 0.8261 per share by the industrial products company on Tuesday, May 15th. This represents a yield of 3.44%. The ex-dividend date is Wednesday, April 4th. This is a positive change from ABB’s previous annual dividend of $0.75.
ABB has decreased its dividend payment by an average of 0.3% annually over the last three years and has raised its dividend every year for the last 6 years. ABB has a payout ratio of 60.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect ABB to earn $1.52 per share next year, which means the company should continue to be able to cover its $0.76 annual dividend with an expected future payout ratio of 50.0%.
ABB (ABB) traded up $0.22 during trading hours on Friday, reaching $24.58. The company had a trading volume of 1,230,650 shares, compared to its average volume of 2,255,026. ABB has a 12-month low of $22.04 and a 12-month high of $28.67. The company has a quick ratio of 1.04, a current ratio of 1.35 and a debt-to-equity ratio of 0.44. The stock has a market cap of $53,500.00, a P/E ratio of 23.87, a PEG ratio of 2.51 and a beta of 1.15.
ABB (NYSE:ABB) last released its quarterly earnings results on Thursday, February 8th. The industrial products company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.08. ABB had a return on equity of 18.11% and a net margin of 6.45%. The company had revenue of $9.28 billion during the quarter, compared to the consensus estimate of $9.49 billion. During the same quarter last year, the business posted $0.33 earnings per share. ABB’s revenue was up 3.2% compared to the same quarter last year. equities research analysts predict that ABB will post 1.41 EPS for the current fiscal year.
ABB has been the topic of several recent analyst reports. Robert W. Baird cut their price target on ABB from $29.00 to $27.00 and set a “neutral” rating on the stock in a research note on Friday, February 9th. Zacks Investment Research downgraded shares of ABB from a “buy” rating to a “hold” rating in a research note on Thursday, January 18th. Berenberg Bank raised shares of ABB from a “sell” rating to a “hold” rating in a research report on Wednesday, January 17th. Jefferies Group set a $20.00 price target on shares of ABB and gave the company a “sell” rating in a report on Tuesday, November 28th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating on shares of ABB in a research note on Friday, November 24th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $26.00.
ABB Company Profile
ABB Ltd (ABB) is a holding company. The Company’s segments include Electrification Products, Robotics and Motion, Industrial Automation, Power Grids, and Corporate and Other. It operates through four divisions: Electrification Products, Robotics and Motion, Industrial Automation and Power Grids. It is engaged in serving customers in utilities, industry and transport and infrastructure.
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