ASSA ABLOY AB (publ) (OTCMKTS:ASAZY) Declares Dividend Increase - $0.14 Per Share

ASSA ABLOY AB (publ) (OTCMKTS:ASAZY - Get Free Report) announced a dividend on Tuesday, March 4th, NASDAQ Dividends reports. Investors of record on Friday, April 25th will be given a dividend of 0.1387 per share by the industrial products company on Thursday, May 15th. The ex-dividend date of this dividend is Friday, April 25th. This is a 6.9% increase from ASSA ABLOY AB (publ)'s previous dividend of $0.13.

ASSA ABLOY AB (publ) Stock Performance

ASAZY stock traded up $0.14 during midday trading on Monday, reaching $15.02. The company had a trading volume of 143,266 shares, compared to its average volume of 180,125. The company has a quick ratio of 0.70, a current ratio of 1.13 and a debt-to-equity ratio of 0.52. The stock has a 50 day moving average price of $14.92 and a 200 day moving average price of $15.11. The firm has a market capitalization of $33.42 billion, a PE ratio of 24.23, a P/E/G ratio of 1.65 and a beta of 1.09. ASSA ABLOY AB has a fifty-two week low of $12.76 and a fifty-two week high of $17.03.

ASSA ABLOY AB (publ) (OTCMKTS:ASAZY - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The industrial products company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.02). ASSA ABLOY AB (publ) had a net margin of 10.02% and a return on equity of 15.60%. The firm had revenue of $3.99 billion for the quarter, compared to analyst estimates of $38.07 billion. Analysts anticipate that ASSA ABLOY AB will post 0.69 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on ASAZY shares. Citigroup raised shares of ASSA ABLOY AB (publ) from a "sell" rating to a "neutral" rating in a report on Monday. Pareto Securities upgraded shares of ASSA ABLOY AB (publ) to a "buy" rating in a report on Wednesday.

ASSA ABLOY AB (publ) Company Profile

ASSA ABLOY AB (publ) provides door opening and access products, solutions, and services for the institutional, commercial, and residential markets in Europe, the Middle East, India, Africa, North and South America, Asia, and Oceania. The company provides digital access solutions, such as electronic access control ecosystem, wireless solutions, electronic key solutions, standalone access solutions, and wired solutions; swing, revolving, and sliding doors; mechanical products, including hinges, lever handles, mortise lockcases, euro profile cylinders, panic exit devices, door closers, floor spring, and general hardware; and doors.