AB Volvo (publ) (OTCMKTS:VLVLY) Raises Dividend to $1.68 Per Share

AB Volvo (publ) (OTCMKTS:VLVLY) announced a dividend on Wednesday, January 29th, NASDAQ Dividends reports. Shareholders of record on Friday, April 4th will be paid a dividend of 1.6823 per share on Thursday, April 24th. The ex-dividend date is Friday, April 4th. This is a 134.3% increase from AB Volvo (publ)’s previous dividend of $0.72.

AB Volvo (publ) Stock Performance

OTCMKTS:VLVLY opened at $29.23 on Wednesday. The company has a current ratio of 1.28, a quick ratio of 0.97 and a debt-to-equity ratio of 0.81. AB Volvo has a 1 year low of $23.27 and a 1 year high of $33.33. The firm’s fifty day simple moving average is $29.99 and its 200 day simple moving average is $27.00. The firm has a market capitalization of $59.42 billion, a PE ratio of 12.44 and a beta of 1.30.

AB Volvo (publ) (OTCMKTS:VLVLY) last issued its quarterly earnings data on Wednesday, January 29th. The company reported $0.49 earnings per share (EPS) for the quarter. AB Volvo (publ) had a return on equity of 27.91% and a net margin of 9.57%. On average, sell-side analysts anticipate that AB Volvo will post 2.38 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on VLVLY. UBS Group upgraded AB Volvo (publ) from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 26th. Sanford C. Bernstein initiated coverage on shares of AB Volvo (publ) in a research note on Tuesday. They issued an “underperform” rating for the company. Finally, Barclays cut AB Volvo (publ) from an “equal weight” rating to an “underweight” rating in a report on Tuesday, March 25th. Two analysts have rated the stock with a sell rating, one has given a hold rating, three have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy”.

About AB Volvo (publ)

AB Volvo (publ), together with its subsidiaries, manufactures and sells trucks, buses, construction equipment, and marine and industrial engines in Europe, the United States, Asia, Africa, and Oceania. The company provides heavy-duty trucks for long-haulage and construction work and light-duty trucks for distribution purposes under the Volvo, Renault Trucks, Mack, Eicher, and Dongfeng Trucks brands; and city and intercity buses, coaches, and chassis under the Prevost and Volvo Bus brands.