Autoliv, Inc. (ALV) to Issue Quarterly Dividend of $0.60 on December 7th

Autoliv, Inc. (NYSE:ALV) declared a quarterly dividend on Monday, August 14th, Wall Street Journal reports. Stockholders of record on Wednesday, November 22nd will be given a dividend of 0.60 per share by the auto parts company on Thursday, December 7th. This represents a $2.40 annualized dividend and a dividend yield of 1.98%. The ex-dividend date is Tuesday, November 21st.

Autoliv has increased its dividend by an average of 4.8% annually over the last three years and has raised its dividend every year for the last 7 years. Autoliv has a dividend payout ratio of 38.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect Autoliv to earn $7.05 per share next year, which means the company should continue to be able to cover its $2.40 annual dividend with an expected future payout ratio of 34.0%.

Autoliv (ALV) opened at $121.19 on Monday. The stock has a market capitalization of $10,537.85, a price-to-earnings ratio of 19.33, a PEG ratio of 2.36 and a beta of 1.10. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.23 and a current ratio of 1.55. Autoliv has a one year low of $96.08 and a one year high of $127.75.

Autoliv (NYSE:ALV) last released its quarterly earnings results on Thursday, October 26th. The auto parts company reported $1.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.14. Autoliv had a return on equity of 13.42% and a net margin of 4.96%. The business had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter in the previous year, the company posted $1.63 EPS. The business’s revenue was up 1.6% on a year-over-year basis. research analysts forecast that Autoliv will post 6.26 earnings per share for the current fiscal year.

ALV has been the subject of several analyst reports. Evercore ISI reissued an “underperform” rating and issued a $100.00 target price (up previously from $85.00) on shares of Autoliv in a research note on Monday, September 18th. Deutsche Bank AG reissued a “hold” rating and issued a $120.00 target price (up previously from $101.00) on shares of Autoliv in a research note on Thursday, September 14th. Citigroup Inc. boosted their target price on shares of Autoliv from $105.00 to $129.00 and gave the company a “neutral” rating in a research note on Friday, September 15th. KeyCorp boosted their target price on shares of Autoliv from $124.00 to $136.00 and gave the company an “overweight” rating in a research note on Friday, September 15th. Finally, BidaskClub downgraded shares of Autoliv from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Four equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $108.55.

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About Autoliv

Autoliv, Inc is a supplier of automotive safety systems with a range of product offerings, including passive safety systems and active safety systems. The Company operates through two segments: Passive Safety and Electronics. The Passive safety products include modules and components for passenger and driver-side airbags, side-impact airbag protection systems, seatbelts, steering wheels, inflator technologies, whiplash protection systems and child seats, and components for such systems, as well as passive safety electronic products, such as restraint electronics and crash sensors.

Dividend History for Autoliv (NYSE:ALV)

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