Opera Limited Sponsored ADR (NASDAQ:OPRA – Get Free Report) announced a dividend on Wednesday, June 10th. Shareholders of record on Tuesday, July 7th will be paid a dividend of 0.40 per share on Wednesday, July 15th. This represents a yield of 441.0%. The ex-dividend date of this dividend is Tuesday, July 7th.
Opera has a dividend payout ratio of 61.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect Opera to earn $1.39 per share next year, which means the company should continue to be able to cover its $0.78 annual dividend with an expected future payout ratio of 56.1%.
Opera Stock Performance
Shares of OPRA stock traded up $0.36 during mid-day trading on Friday, hitting $18.13. 90,846 shares of the stock traded hands, compared to its average volume of 596,580. Opera has a twelve month low of $11.71 and a twelve month high of $21.06. The firm has a market cap of $1.63 billion, a price-to-earnings ratio of 14.41 and a beta of 1.30. The company’s 50-day simple moving average is $17.28 and its 200-day simple moving average is $15.07.
Analyst Upgrades and Downgrades
A number of brokerages have recently weighed in on OPRA. Wall Street Zen lowered Opera from a “buy” rating to a “hold” rating in a research note on Sunday, May 10th. Weiss Ratings restated a “hold (c)” rating on shares of Opera in a report on Friday, March 27th. TD Cowen reaffirmed a “buy” rating on shares of Opera in a report on Friday, March 13th. Finally, Zacks Research lowered shares of Opera from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $21.50.
View Our Latest Analysis on OPRA
Opera Company Profile
Opera Limited (NASDAQ: OPRA) is a global software and internet services company best known for its cross-platform web browsers, including the flagship Opera Browser, Opera Mini for mobile devices and Opera GX designed for the gaming community. The company integrates features such as ad blocking, built-in VPN services and a cryptocurrency wallet into its desktop and mobile applications, aiming to deliver fast, secure and feature-rich browsing experiences to hundreds of millions of users worldwide.
Beyond its consumer-facing browsers, Opera operates Opera News, a personalized content and news aggregation platform with a strong presence in Africa and Asia, and Opera Ads, a digital advertising network that leverages user-behavior data to provide targeted ad placements across devices.
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