Stellantis (NYSE:STLA - Get Free Report) announced a dividend on Wednesday, April 16th, investing.com reports. Investors of record on Thursday, April 24th will be paid a dividend of 0.5032 per share on Monday, May 5th. This represents a dividend yield of 6.07%. The ex-dividend date of this dividend is Wednesday, April 23rd.
Stellantis has a payout ratio of 25.9% meaning its dividend is sufficiently covered by earnings. Analysts expect Stellantis to earn $2.67 per share next year, which means the company should continue to be able to cover its $0.77 annual dividend with an expected future payout ratio of 28.8%.
Stellantis Price Performance
Shares of NYSE:STLA traded down $0.26 during trading on Monday, reaching $9.17. 11,442,689 shares of the company traded hands, compared to its average volume of 10,608,179. The firm has a market capitalization of $27.72 billion, a PE ratio of 2.69 and a beta of 1.44. Stellantis has a 52 week low of $8.39 and a 52 week high of $25.05. The company has a quick ratio of 0.85, a current ratio of 1.14 and a debt-to-equity ratio of 0.26. The company's 50 day moving average is $11.77 and its two-hundred day moving average is $12.67.
Wall Street Analysts Forecast Growth
A number of equities research analysts have issued reports on the stock. Piper Sandler downgraded shares of Stellantis from an "overweight" rating to a "neutral" rating and reduced their price objective for the stock from $23.00 to $13.00 in a research note on Thursday, March 20th. TD Cowen initiated coverage on shares of Stellantis in a research report on Friday, March 7th. They set a "hold" rating and a $13.00 price objective for the company. UBS Group cut Stellantis from a "buy" rating to a "neutral" rating in a research note on Monday, April 14th. Finally, Cowen began coverage on Stellantis in a report on Thursday, March 6th. They set a "hold" rating for the company. Ten equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Stellantis currently has an average rating of "Hold" and an average target price of $16.49.
Check Out Our Latest Research Report on STLA
About Stellantis
(
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Stellantis N.V. engages in the design, engineering, manufacturing, distribution, and sale of automobiles and light commercial vehicles, engines, transmission systems, metallurgical products, mobility services, and production systems worldwide. It provides luxury and premium vehicles; sport utility vehicles; American and European brand vehicles; and parts and services, as well as retail and dealer financing, leasing, and rental services.
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