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

Koninklijke Philips (NYSE:PHG) declared an annual dividend on Monday, February 24th, Wall Street Journal reports. Stockholders 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 is Tuesday, May 13th.

Koninklijke Philips has a payout ratio of 48.1% meaning its dividend is sufficiently covered by earnings. Research 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 Price Performance

NYSE:PHG opened at $24.54 on Friday. Koninklijke Philips has a 52-week low of $21.48 and a 52-week high of $32.91. The stock has a fifty day moving average of $24.85 and a 200 day moving average of $25.90. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.74 and a current ratio of 1.23. The firm has a market capitalization of $23.07 billion, a price-to-earnings ratio of -29.21, a P/E/G ratio of 0.82 and a beta of 0.81.

Koninklijke Philips (NYSE:PHG) last released its quarterly earnings results on Tuesday, May 6th. The technology company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.13. Koninklijke Philips had a positive return on equity of 10.85% and a negative net margin of 3.88%. The firm had revenue of $4.31 billion for the quarter, compared to analysts’ expectations of $4.10 billion. During the same quarter last year, the firm posted $0.21 EPS. The company’s revenue was down 1.0% compared to the same quarter last year. On average, research analysts expect that Koninklijke Philips will post 1.63 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently weighed in on PHG shares. StockNews.com upgraded shares of Koninklijke Philips from a “hold” rating to a “buy” rating in a research report on Saturday, March 8th. Sanford C. Bernstein raised Koninklijke Philips from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 18th. UBS Group raised Koninklijke Philips from a “neutral” rating to a “buy” rating in a research note on Thursday, February 20th. Finally, BNP Paribas raised shares of Koninklijke Philips from a “neutral” rating to an “outperform” rating in a research note on Tuesday, February 25th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Koninklijke Philips currently has a consensus rating of “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.