Koninklijke Philips Declares Annual Dividend of $0.89 (NYSE:PHG)

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

Koninklijke Philips has a dividend payout ratio of 49.7% indicating that its dividend is sufficiently covered by earnings. Equities 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 Stock Performance

NYSE:PHG traded up $0.46 during trading on Monday, reaching $26.01. The company’s stock had a trading volume of 1,798,006 shares, compared to its average volume of 746,369. Koninklijke Philips has a 12 month low of $19.75 and a 12 month high of $32.91. The firm has a market cap of $24.44 billion, a price-to-earnings ratio of -30.96, a price-to-earnings-growth ratio of 0.82 and a beta of 0.77. The firm has a 50 day moving average of $26.25 and a 200-day moving average of $28.13. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.74 and a current ratio of 1.23.

Koninklijke Philips (NYSE:PHG) last issued its quarterly earnings results on Wednesday, February 19th. The technology company reported $0.54 earnings per share 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 analysts’ expectations of $5.10 billion. Research analysts expect that Koninklijke Philips will post 1.63 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on PHG. UBS Group raised shares of Koninklijke Philips from a “neutral” rating to a “buy” rating in a research report on Thursday. Jefferies Financial Group raised Koninklijke Philips from an “underperform” rating to a “hold” rating in a report on Tuesday, October 29th. Finally, StockNews.com raised Koninklijke Philips from a “hold” rating to a “buy” rating in a research report on Thursday. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus 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.