Norsk Hydro ASA Announces Dividend of $0.14 (OTCMKTS:NHYDY)

Norsk Hydro ASA (OTCMKTS:NHYDY - Get Free Report) announced a dividend on Friday, May 9th, investing.com reports. Shareholders of record on Wednesday, May 14th will be given a dividend of 0.1442 per share by the industrial products company on Wednesday, May 28th. This represents a yield of 2.68%. The ex-dividend date of this dividend is Tuesday, May 13th.

Norsk Hydro ASA Stock Up 4.9%

Norsk Hydro ASA stock traded up $0.27 during mid-day trading on Monday, reaching $5.78. 168,913 shares of the company's stock were exchanged, compared to its average volume of 238,728. The company has a market cap of $11.61 billion, a P/E ratio of 21.41, a P/E/G ratio of 0.26 and a beta of 1.48. Norsk Hydro ASA has a twelve month low of $4.50 and a twelve month high of $6.98. The company has a quick ratio of 1.07, a current ratio of 1.60 and a debt-to-equity ratio of 0.23. The company has a fifty day moving average of $5.63 and a 200-day moving average of $5.82.

Norsk Hydro ASA (OTCMKTS:NHYDY - Get Free Report) last released its earnings results on Tuesday, April 29th. The industrial products company reported $0.15 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.20 by ($0.05). The business had revenue of $5.51 billion for the quarter, compared to analyst estimates of $57.46 billion. Norsk Hydro ASA had a return on equity of 8.68% and a net margin of 2.79%. Sell-side analysts expect that Norsk Hydro ASA will post 0.72 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on NHYDY shares. Royal Bank of Canada raised shares of Norsk Hydro ASA from a "hold" rating to a "moderate buy" rating in a research report on Thursday, April 17th. The Goldman Sachs Group downgraded shares of Norsk Hydro ASA from a "strong-buy" rating to a "hold" rating in a research report on Thursday, April 10th.

About Norsk Hydro ASA

Norsk Hydro ASA engages in the power production, bauxite extraction, alumina refining, aluminium smelting, and recycling activities; and provision of extruded solutions worldwide. It operates through Hydro Bauxite & Alumina, Hydro Aluminium Metal, Hydro Metal Markets, Hydro Extrusions, and Hydro Energy segments.