AU Optronics Corp (NYSE:AUO) to Issue Dividend of $0.19

AU Optronics Corp (NYSE:AUO) declared a dividend on Thursday, June 15th, Fidelity reports. Investors of record on Thursday, July 6th will be paid a dividend of 0.1853 per share by the semiconductor company on Thursday, January 1st. The ex-dividend date is Monday, July 3rd.

AU Optronics Corp has a payout ratio of 11.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect AU Optronics Corp to earn $1.09 per share next year, which means the company should continue to be able to cover its $0.13 annual dividend with an expected future payout ratio of 11.9%.

AU Optronics Corp (NYSE:AUO) opened at 4.07 on Tuesday. The company has a market cap of $3.92 billion, a price-to-earnings ratio of 4.85 and a beta of 0.51. AU Optronics Corp has a 52-week low of $3.44 and a 52-week high of $4.95. The firm’s 50-day moving average is $4.01 and its 200 day moving average is $3.94.

AU Optronics Corp (NYSE:AUO) last released its quarterly earnings data on Thursday, April 27th. The semiconductor company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.81 by $0.49. The firm had revenue of $88.56 billion during the quarter, compared to analyst estimates of $88.56 billion. AU Optronics Corp had a net margin of 6.63% and a return on equity of 11.96%. The business’s revenue for the quarter was up 24.5% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.57) earnings per share. On average, equities research analysts predict that AU Optronics Corp will post $1.06 EPS for the current fiscal year.

Several brokerages recently commented on AUO. Zacks Investment Research downgraded AU Optronics Corp from a “buy” rating to a “hold” rating in a report on Tuesday, June 27th. BidaskClub upgraded AU Optronics Corp from a “hold” rating to a “buy” rating in a report on Thursday, June 29th. UBS AG downgraded AU Optronics Corp from a “buy” rating to a “neutral” rating in a report on Thursday, July 6th. Finally, Credit Suisse Group restated a “neutral” rating on shares of AU Optronics Corp in a report on Wednesday, July 12th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $4.38.

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AU Optronics Corp Company Profile

AU Optronics Corp. is a thin-film-transistor liquid-crystal display (TFT-LCD) panel provider. The Company operates in two business segments: display business and solar business. Through Display business segment, the Company designs, develops, manufactures, assembles and markets flat panel displays and most of its products are TFT-LCD panels.

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