Dolby Laboratories (NYSE:DLB) Announces Quarterly Dividend of $0.33

Key Points

• Dolby Laboratories announced a quarterly dividend of $0.33 per share, with a dividend yield of 1.8%, payable on August 20th to investors of record on August 12th.
• The company has a current payout ratio of 31.4%, indicating that the dividend is well-covered by earnings, with future projections suggesting a payout ratio increase to 41.5%.
• Dolby missed analysts' earnings expectations with an EPS of $0.53, falling short of the consensus estimate of $0.72.

Dolby Laboratories (NYSE:DLB - Get Free Report) announced a quarterly dividend on Thursday, July 31st, RTT News reports. Investors of record on Tuesday, August 12th will be given a dividend of 0.33 per share by the electronics maker on Wednesday, August 20th. This represents a c) dividend on an annualized basis and a yield of 1.8%.

Dolby Laboratories has a payout ratio of 31.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect Dolby Laboratories to earn $3.18 per share next year, which means the company should continue to be able to cover its $1.32 annual dividend with an expected future payout ratio of 41.5%.

Dolby Laboratories Stock Performance

DLB traded down $0.43 on Thursday, reaching $75.30. 466,852 shares of the company's stock were exchanged, compared to its average volume of 427,284. The company's 50 day moving average is $75.01 and its 200-day moving average is $77.68. The company has a market cap of $7.23 billion, a price-to-earnings ratio of 28.42 and a beta of 0.91. Dolby Laboratories has a twelve month low of $66.35 and a twelve month high of $89.66.

Dolby Laboratories (NYSE:DLB - Get Free Report) last posted its earnings results on Thursday, July 31st. The electronics maker reported $0.53 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.72 by ($0.19). Dolby Laboratories had a return on equity of 11.48% and a net margin of 19.44%. Sell-side analysts forecast that Dolby Laboratories will post 2.94 EPS for the current year.

About Dolby Laboratories

Dolby Laboratories, Inc creates audio and imaging technologies that transform entertainment at the cinema, DTV transmissions and devices, mobile devices, OTT video and music services, home entertainment devices, and automobiles. The company develops and licenses its audio technologies, such as AAC & HE-AAC, a digital audio codec solution used for a range of media applications; AVC, a digital video codec with high bandwidth efficiency used in various media devices; Dolby AC-4, a digital audio coding technology that delivers new audio experiences to a range of playback devices; and Dolby Atmos technology for cinema and various media devices.

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