Sonova Holding AG (OTCMKTS:SONVY) Plans Dividend of $0.62

Sonova Holding AG (OTCMKTS:SONVY - Get Free Report) declared a dividend on Saturday, June 14th, investing.com reports. Shareholders of record on Tuesday, June 17th will be paid a dividend of 0.6243 per share on Wednesday, July 2nd. This represents a yield of 0.99%. The ex-dividend date is Monday, June 16th. This is a 9.8% increase from Sonova's previous dividend of $0.57.

Sonova Stock Performance

OTCMKTS SONVY traded down $0.81 on Friday, reaching $62.80. The stock had a trading volume of 43,715 shares, compared to its average volume of 21,572. Sonova has a 1 year low of $52.83 and a 1 year high of $77.56. The business has a 50 day moving average price of $61.50 and a 200 day moving average price of $63.70. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.82 and a current ratio of 1.21.

Analyst Upgrades and Downgrades

SONVY has been the subject of a number of analyst reports. BNP Paribas cut Sonova from a "strong-buy" rating to a "strong sell" rating in a research report on Wednesday. Hsbc Global Res cut Sonova from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 21st. HSBC cut Sonova from a "buy" rating to a "hold" rating in a research report on Wednesday, May 21st. Finally, Kepler Capital Markets raised Sonova from a "strong sell" rating to a "hold" rating in a research report on Friday, June 6th. Three investment analysts have rated the stock with a sell rating and five have given a hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold".

About Sonova

Sonova Holding AG manufactures and sells hearing care solutions for adults and children in the United States, Europe, the Middle East, Africa, and the Asia Pacific. It operates through two segments, Hearing Instruments and Cochlear Implants segments. The Hearing Instruments segments engages in the design, development, manufacture, distribution, and service of hearing instruments and related products, as well as wireless headsets, speech-enhanced hearables, and audiophile headphones under the Phonak, Unitron, Hansaton, and Sennheiser brand names; and audiological care services under the AudioNova, Audium, Audition Santé, Boots Hearingcare, Connect Hearing, Geers, Hansaton, Lapperre, Schoonenberg, and Triton Hearing brands.