Koninklijke Philips Plans 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 yield of 2.9%. The ex-dividend date is Tuesday, May 13th.

Koninklijke Philips has a payout ratio of 49.7% indicating that 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

Shares of Koninklijke Philips stock opened at $26.01 on Tuesday. Koninklijke Philips has a 52-week low of $19.75 and a 52-week high of $32.91. The stock has a market capitalization 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 company has a fifty day moving average of $26.25 and a 200-day moving average of $28.11. 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 announced its quarterly earnings data on Wednesday, February 19th. The technology company reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.01). Koninklijke Philips had a negative net margin of 3.88% and a positive return on equity of 10.85%. The business had revenue of $5.38 billion during the quarter, compared to analysts’ expectations of $5.10 billion. Equities research analysts expect that Koninklijke Philips will post 1.63 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on PHG. BNP Paribas raised shares of Koninklijke Philips from a “neutral” rating to an “outperform” rating in a research note on Tuesday. UBS Group raised shares of Koninklijke Philips from a “neutral” rating to a “buy” rating in a research report on Thursday, February 20th. Jefferies Financial Group raised shares of Koninklijke Philips from an “underperform” rating to a “hold” rating in a research report on Tuesday, October 29th. Finally, StockNews.com raised shares of Koninklijke Philips from a “hold” rating to a “buy” rating in a research report on Thursday, February 20th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Koninklijke Philips has a consensus rating of “Moderate Buy”.

Koninklijke Philips Company Profile

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.