Norsk Hydro ASA (OTCMKTS:NHYDY) Declares Dividend of $0.14

Norsk Hydro ASA (OTCMKTS:NHYDY) announced a dividend on Friday, May 9th, investing.com reports. Investors of record on Wednesday, May 14th will be paid a dividend of 0.1442 per share by the industrial products company on Wednesday, May 28th. This represents a yield of 2.68%. The ex-dividend date of this dividend is Tuesday, May 13th.

Norsk Hydro ASA Stock Performance

Norsk Hydro ASA stock opened at $5.51 on Friday. Norsk Hydro ASA has a 1 year low of $4.50 and a 1 year high of $6.98. The company’s 50-day moving average is $5.63 and its two-hundred day moving average is $5.83. The company has a current ratio of 1.60, a quick ratio of 1.07 and a debt-to-equity ratio of 0.23. The company has a market cap of $11.07 billion, a PE ratio of 20.41, a PEG ratio of 0.26 and a beta of 1.48.

Norsk Hydro ASA (OTCMKTS:NHYDY) last released its earnings results on Tuesday, April 29th. The industrial products company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.05). The business had revenue of $5.51 billion for the quarter, compared to analyst estimates of $57.46 billion. Norsk Hydro ASA had a return on equity of 8.68% and a net margin of 2.79%. Equities analysts anticipate that Norsk Hydro ASA will post 0.72 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. The Goldman Sachs Group lowered Norsk Hydro ASA from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 10th. Royal Bank of Canada raised shares of Norsk Hydro ASA from a “hold” rating to a “moderate buy” rating in a research note on Thursday, April 17th.

About Norsk Hydro ASA

Norsk Hydro ASA engages in the power production, bauxite extraction, alumina refining, aluminium smelting, and recycling activities; and provision of extruded solutions worldwide. It operates through Hydro Bauxite & Alumina, Hydro Aluminium Metal, Hydro Metal Markets, Hydro Extrusions, and Hydro Energy segments.