Orkla ASA (OTCMKTS:ORKLY) Plans Dividend Increase - $0.69 Per Share

Orkla ASA (OTCMKTS:ORKLY - Get Free Report) announced a dividend on Friday, April 18th, investing.com reports. Shareholders of record on Tuesday, April 29th will be given a dividend of 0.6871 per share on Friday, May 16th. This represents a yield of 5.82%. The ex-dividend date of this dividend is Monday, April 28th. This is a 72.1% increase from Orkla ASA's previous dividend of $0.40.

Orkla ASA Stock Performance

OTCMKTS:ORKLY traded up $0.13 during midday trading on Wednesday, hitting $11.89. The company's stock had a trading volume of 67,758 shares, compared to its average volume of 32,432. Orkla ASA has a fifty-two week low of $6.58 and a fifty-two week high of $12.07. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.30 and a quick ratio of 0.70. The firm has a market cap of $11.86 billion, a P/E ratio of 21.23 and a beta of 0.53. The firm's 50 day moving average is $10.51 and its 200-day moving average is $9.59.

Orkla ASA (OTCMKTS:ORKLY - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.14 earnings per share for the quarter. The firm had revenue of $1.70 billion for the quarter. Orkla ASA had a net margin of 8.58% and a return on equity of 13.13%.

Wall Street Analysts Forecast Growth

Separately, Sanford C. Bernstein upgraded Orkla ASA from a "hold" rating to a "strong-buy" rating in a research note on Thursday, January 9th.

Orkla ASA Company Profile

Orkla ASA engages in branded consumer goods, and industrial and financial investment businesses. The company offers branded products, including frozen pizza, ketchup, soups, sauces, bread toppings, and ready-to-eat meals through grocery channels, as well as food service, convenience stores, and petrol stations.