Nokia Oyj (NYSE:NOK) Announces $0.03 Quarterly Dividend

Nokia Oyj (NYSE:NOK - Get Free Report) declared a quarterly dividend on Friday, April 19th, Wall Street Journal reports. Stockholders of record on Tuesday, April 23rd will be paid a dividend of 0.0323 per share by the technology company on Wednesday, May 8th. This represents a $0.13 dividend on an annualized basis and a dividend yield of 3.67%. The ex-dividend date is Monday, April 22nd.

Nokia Oyj Stock Up 1.9 %

Shares of NOK stock traded up $0.06 during trading hours on Friday, reaching $3.52. 17,394,443 shares of the company's stock were exchanged, compared to its average volume of 15,326,536. The stock's 50 day moving average is $3.53 and its 200-day moving average is $3.47. The company has a market cap of $19.80 billion, a price-to-earnings ratio of 29.29, a P/E/G ratio of 0.93 and a beta of 1.09. The company has a current ratio of 1.66, a quick ratio of 1.41 and a debt-to-equity ratio of 0.18. Nokia Oyj has a fifty-two week low of $2.94 and a fifty-two week high of $4.36.

Nokia Oyj (NYSE:NOK - Get Free Report) last released its earnings results on Thursday, January 25th. The technology company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.03). Nokia Oyj had a net margin of 2.99% and a return on equity of 7.60%. The firm had revenue of $6.15 billion during the quarter, compared to analyst estimates of $6.66 billion. During the same period in the previous year, the company earned $0.16 earnings per share. Analysts predict that Nokia Oyj will post 0.38 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. StockNews.com raised Nokia Oyj from a "hold" rating to a "buy" rating in a research report on Friday. Barclays lowered shares of Nokia Oyj from an "equal weight" rating to an "underweight" rating in a research note on Friday, January 19th. BNP Paribas started coverage on shares of Nokia Oyj in a research note on Friday, January 12th. They issued a "neutral" rating on the stock. Finally, JPMorgan Chase & Co. decreased their price target on shares of Nokia Oyj from $4.39 to $4.26 and set a "neutral" rating on the stock in a research note on Tuesday. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Nokia Oyj currently has an average rating of "Hold" and an average price target of $4.42.

Hedge Funds Weigh In On Nokia Oyj

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Advisors Asset Management Inc. purchased a new stake in shares of Nokia Oyj during the 4th quarter worth $34,000. Vontobel Holding Ltd. purchased a new stake in shares of Nokia Oyj during the 1st quarter worth $55,000. AlphaQ Advisors LLC purchased a new stake in shares of Nokia Oyj during the 1st quarter worth $52,000. Silverlake Wealth Management LLC purchased a new stake in shares of Nokia Oyj during the 4th quarter worth $49,000. Finally, Tudor Investment Corp Et Al purchased a new stake in shares of Nokia Oyj during the 3rd quarter worth $45,000. Hedge funds and other institutional investors own 5.28% of the company's stock.

Nokia Oyj Company Profile

Nokia Oyj provides mobile, fixed, and cloud network solutions worldwide. The company operates through four segments: Network Infrastructure, Mobile Networks, Cloud and Network Services, and Nokia Technologies. The company provides fixed networking solutions, such as fiber and copper-based access infrastructure, in-home Wi-Fi solutions, and cloud and virtualization services; IP networking solutions, including IP access, aggregation, and edge and core routing for residential, mobile, enterprise and cloud applications; optical networks solutions that provides optical transport networks for metro, regional, and long-haul applications, and subsea applications; and submarine networks for undersea cable transmission.